Beef Fat Global Market Report 2024

Description

“Beef Fat Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on beef fat market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for beef fat? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The beef fat market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Product Type: Solid; Paste
2) By Application: Biodiesel; Animal Feed; Oleo Chemical; Food Industry; Other Applications
3) By Distribution Channel: Business To Business; Hypermarkets Or Supermarkets; Retail Stores; Online Stores; Other Distribution Channels
Companies Mentioned: Windsor Quality Meats Pty Ltd; Tassie Tallow; US Wellness Meats LLC; Pridham Pty Ltd; Cargill Incorporated
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Beef fat, derived from beef and rich in triglycerides, exists as a solid form at room temperature and typically melts around 50 degrees Celsius. This fat source contains essential fatty acids such as EPA and DHA, classified as omega-3 fatty acids, making it a valuable nutritional resource.

Utilized widely, beef fat serves as a significant dietary provider of conjugated linoleic acid (CLA), offering several health benefits including antioxidant properties, reducing cardiovascular risk, shielding against atherosclerosis, and enhancing immune system function.

Primarily categorized into solid and paste forms, solid beef fat represents the firm, crumbly, and relatively dry fatty portion enveloping the cow's kidneys and loins. Its melting point falls between 45 and 50 degrees Celsius, finding diverse applications as candles, soap ingredients, leather conditioners, and in culinary endeavors such as pastries, cakes, and pies. The multifaceted applications of beef fat span industries such as biodiesel production, animal feed, oleochemical manufacturing, and the food industry. These products reach consumers through various distribution channels including business-to-business transactions, hypermarkets or supermarkets, retail stores, online platforms, and other channels catering to specific market demands.

The beef fat market research report is one of a series of new reports from The Business Research Company that provides beef fat market statistics, including beef fat industry global market size, regional shares, competitors with a beef fat market share, detailed beef fat market segments, market trends and opportunities, and any further data you may need to thrive in the beef fat industry. This beef fat market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The beef fat market size has grown strongly in recent years. It will grow from $42.17 billion in 2023 to $45.35 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The expansion witnessed in the historical period can be attributed to several key factors, including rising trends in livestock production, the influence of regulatory environments shaping the industry, evolving health and nutritional trends affecting consumer choices, and economic factors impacting the market dynamics.

The beef fat market size is expected to see strong growth in the next few years. It will grow to $61.59 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The projected growth in the upcoming period can be linked to emerging consumer trends, a surge in sustainability initiatives, evolving regulatory changes, a heightened focus on health and wellness, and the influence of global economic trends. Key trends expected in this forecast period encompass advancements in technology, particularly within processing technologies, the impact of global economic factors on market dynamics, evolving global supply chain dynamics, and the increasing emphasis on sustainability and ethical practices within the industry.

The burgeoning expansion of the food and beverage industries is anticipated to drive the growth of the beef fat market. Widely utilized in cooking as a substitute for butter and oil, beef fat plays a crucial role in enhancing meat's flavor, moisture retention, and nutritional value. Reports by the Food and Drink Federation in the United Kingdom highlight the remarkable scale of this sector, where over 97% of food and beverage manufacturers are small to medium-sized enterprises (SMEs). With industry output estimated at £30 billion ($37.3 billion) in 2021, marking a 4.2% increase from the previous year, and a substantial total turnover and domestic sales, the thriving food and beverage industries significantly contribute to driving demand for beef fat.

The upsurge in meat consumption is poised to fuel the growth of the beef fat market. Recognized for enhancing the taste, texture, and nutritional profile of meat-based dishes, beef fat remains a key component in culinary applications. Projections from Chilecarne indicate a substantial global increase in meat supply by 2030, highlighting a concurrent rise in the demand for beef fat due to its integral role in enriching meat-based culinary experiences.

Innovations in product offerings stand as a pivotal trend driving the beef fat market, with major players focusing on developing inventive products to fortify their market positions. For instance, Metl&Marble introduced Non-animal Fat in May 2022, specifically designed for the plant-based food sector. This innovative plant-based alternative mimics the sensory qualities of beef fat, aiming to enhance the taste and texture of plant-based meat alternatives, such as burgers and sausages, catering to evolving consumer preferences for more palatable plant-based options.

Strategic collaborations and partnerships are key strategies employed by major companies in the beef fat market to deliver enhanced services and products to consumers. In March 2023, Cargill Inc. partnered with Cubiq Foods S.L., leveraging Cubiq's advanced technologies to innovate plant-based products, including beef fat alternatives. This strategic alliance aims to meet the rising demand for healthier and sustainable plant-based options by developing plant-derived alternatives that closely resemble traditional choices, addressing evolving consumer preferences for sustainable and appealing food options. Cubiq Foods S.L., a Spain-based food technology company, offers innovative solutions in the plant-based food sector.

In November 2022, The Love's Family of Companies, a well-known US-based retail chain and travel company, joined forces with Cargill Incorporated in an undisclosed partnership agreement. This collaboration resulted in the establishment of a distinctive joint venture aimed at the production and marketing of renewable diesel derived from beef fat directly to retail pumps. Cargill Incorporated, a renowned US-based food corporation recognized for its commitment to providing sustainable food solutions, brought its expertise to this venture, leveraging beef fat as a source for renewable diesel in retail distribution.

Major companies operating in the beef fat market report are Windsor Quality Meats Pty Ltd., Tassie Tallow, US Wellness Meats LLC, Pridham Pty Ltd., Cargill Incorporated, BRF SA, Piermen BV, Fat Cow Gourmet Meats, Tridge, Ianq Overseas Private Limited, Jacob Stern & Sons Inc., Hormel Foods Corporation, JBS SA, Clemens Food Group, Conagra Brands Inc., Minerva Foods SA, Wellness Beefs, Indian Feeds Company Private Limited, SBH Foods Limited, Mercomeat SA, Devra Trading Limited, Darling Ingredients Inc., The Procter & Gamble Company, Bunge Limited, Archer Daniels Midland Company, Olenex BV, Zeelandia Group BV, Puratos Group NV/SA, Princes Limited, HAS Group AS, Namchow Chemical Industrial Co Ltd., NMGK Group, FUJI OIL Co LTD., Yildiz Holding AS, Wilmar International Limited

North America was the largest region in the beef fat market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global beef fat market report during the forecast period. The regions covered in the beef fat market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the beef fat market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The beef fat market consists of sales of membrane fat, intermuscular fat, intramuscular fat, and subcutaneous fat. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11552

1. Executive Summary

2. Beef Fat Market Characteristics

3. Beef Fat Market Trends And Strategies

4. Beef Fat Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Beef Fat Market Size and Growth

5.1. Global Beef Fat Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Beef Fat Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Beef Fat Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Beef Fat Market Segmentation

6.1. Global Beef Fat Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Solid
Paste
6.2. Global Beef Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Biodiesel
Animal Feed
Oleo Chemical
Food Industry
Other Applications
6.3. Global Beef Fat Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Business To Business
Hypermarkets Or Supermarkets
Retail Stores
Online Stores
Other Distribution Channels

7. Beef Fat Market Regional And Country Analysis

7.1. Global Beef Fat Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Beef Fat Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Beef Fat Market

8.1. Asia-Pacific Beef Fat Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Beef Fat Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Beef Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Beef Fat Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Beef Fat Market

9.1. China Beef Fat Market Overview
9.2. China Beef Fat Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Beef Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Beef Fat Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Beef Fat Market

10.1. India Beef Fat Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Beef Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Beef Fat Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Beef Fat Market

11.1. Japan Beef Fat Market Overview
11.2. Japan Beef Fat Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Beef Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Beef Fat Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Beef Fat Market

12.1. Australia Beef Fat Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Beef Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Beef Fat Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Beef Fat Market

13.1. Indonesia Beef Fat Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Beef Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Beef Fat Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Beef Fat Market

14.1. South Korea Beef Fat Market Overview
14.2. South Korea Beef Fat Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Beef Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Beef Fat Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Beef Fat Market

15.1. Western Europe Beef Fat Market Overview
15.2. Western Europe Beef Fat Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Beef Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Beef Fat Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Beef Fat Market

16.1. UK Beef Fat Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Beef Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Beef Fat Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Beef Fat Market

17.1. Germany Beef Fat Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Beef Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Beef Fat Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Beef Fat Market

18.1. France Beef Fat Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Beef Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Beef Fat Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Beef Fat Market

19.1. Italy Beef Fat Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Beef Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Beef Fat Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Beef Fat Market

20.1. Spain Beef Fat Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Beef Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Beef Fat Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Beef Fat Market

21.1. Eastern Europe Beef Fat Market Overview
21.2. Eastern Europe Beef Fat Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Beef Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Beef Fat Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Beef Fat Market

22.1. Russia Beef Fat Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Beef Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Beef Fat Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Beef Fat Market

23.1. North America Beef Fat Market Overview
23.2. North America Beef Fat Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Beef Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Beef Fat Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Beef Fat Market

24.1. USA Beef Fat Market Overview
24.2. USA Beef Fat Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Beef Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Beef Fat Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Beef Fat Market

25.1. Canada Beef Fat Market Overview
25.2. Canada Beef Fat Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Beef Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Beef Fat Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Beef Fat Market

26.1. South America Beef Fat Market Overview
26.2. South America Beef Fat Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Beef Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Beef Fat Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Beef Fat Market

27.1. Brazil Beef Fat Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Beef Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Beef Fat Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Beef Fat Market

28.1. Middle East Beef Fat Market Overview
28.2. Middle East Beef Fat Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Beef Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Beef Fat Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Beef Fat Market

29.1. Africa Beef Fat Market Overview
29.2. Africa Beef Fat Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Beef Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Beef Fat Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Beef Fat Market Competitive Landscape And Company Profiles

30.1. Beef Fat Market Competitive Landscape
30.2. Beef Fat Market Company Profiles
- 30.2.1. Windsor Quality Meats Pty Ltd
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Tassie Tallow
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. US Wellness Meats LLC
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Pridham Pty Ltd
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Cargill Incorporated
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Beef Fat Market Competitive Benchmarking

32. Global Beef Fat Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Beef Fat Market

34. Beef Fat Market Future Outlook and Potential Analysis

34.1 Beef Fat Market In 2028 - Countries Offering Most New Opportunities
34.2 Beef Fat Market In 2028 - Segments Offering Most New Opportunities
34.3 Beef Fat Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer