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Global Animal Fat Market: By Category: Oils, Fats, Fish Oil; By Type: Tallow/Grease, Lard, Others; By Application: Biodiesel, Animal Feed, Oleochemical, Pet Food, Food Applications, Others; By Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa; Historical Production and Consumption (2016-2020); Production and Consumption Forecast (2021-2026); SWOT Analysis; Price Analysis; Trade Analysis; Value Chain Analysis; EMR’s Key Indicators for Demand; EMR’s Key Indicator for Price; Competitive Landscape & Supplier Analysis
Global Animal Fat Market Key Insights:
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Market Outlook
The global animal fat market is supported by the global fat and oil market, which has reached a value of nearly USD 227.9 billion in 2020. The global fat and oils market is further expected to grow at a CAGR of 8% between 2021 and 2026 to reach a value of almost USD 361.65 billion by 2026.
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In the global oils and fat market, fat accounts for over 10% of the total production. Tallow is the leading animal fat type and accounts for 4.4% of the global oil and fat production. Tallow is being driven by its rising demand from the biodiesel industry, where it accounts for nearly 9% of the biodiesel feedstock. Tallow is followed by lard as a significant type of fat, which accounts for 4.1% of the total oils and fat production. The major producers of lard are China, Germany, Brazil, the United States, and Italy, while the major producers of tallow are the United States, Europe, China, Brazil, and Australia.
In the emerging regions, such as the Asia Pacific, the demand has been driven by the inclination towards the consumption of lard instead of butter in baked products. The Asia Pacific is expected to have the highest growth in consumption of the animal fat, like lard, as a result of advancement in technology, increase in population, and growing consumption of lard by the bakery sector, further enhancing the global animal fat market growth. Germany is the leading country in Europe market, driven by the utilization of lard for biodiesel.
Properties and Applications
Animal fat is a lipid content, which is extracted from animals, such as pigs, cows, and chickens. Physically, it is solid at room temperature, and chemically it is composed of triglycerides. It is also consumed in the form of dairy products such as cheese, milk, and butter.
On the basis of type, the animal fat industry is divided into:
- Tallow/Grease
- Lard
- Others
The animal fat industry is segmented on the basis of application:
- Biodiesel
- Animal Feed
- Oleochemical
- Pet Food
- Food Applications
- Others
The report also covers the regional markets of the product like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Market Analysis
The global animal fat market is being driven by the increase in demand from the foodservice sector, with the rising application of lard as bread spreads in the baking industry. Due to the rise in demand from downstream sectors, such as biodiesel, food, oleochemical, and pet food industries, the market for animal fat has witnessed a robust growth. The demand for animal fat is being aided by the growing preference for lard instead of butter in baked goods by consumers in rapidly growing regions, like the Asia Pacific.
Animal fat such as lard is also used in the feed and oleochemicals industry. The demand for lard (as a spread for bread) from the German baking sector is growing, further enhancing the market growth. Food companies, especially the bakery sector, obtain lard to be used as a substitute for butter at a volume, which could be anywhere between 500–600 million tonnes on a half-yearly basis. The industry for animal fat is being augmented by the increase in the demand for tallow, which is used in animal food and biodiesel. It accounts for 9% of the biodiesel feedstock, amounting to 2.37 million metric tons in 2017-2018.
China has achieved self-sufficiency in the production of pork and lard. An increase in the consumption of processed foods which utilizes lard has bolstered the market for animal fat. Tallow is preferred over palm stearin as it is a superior quality raw material in the soap making industry. The tallow supply has increased owing to the accelerated growth in the global slaughter rates.
Competitive Landscape
November 2018- Darling Ingredients Inc. (NYSE: DAR) acquired the Poland-based food grade animal fat processing facility of PPH Conto Ltd in Lubien Kujawski.
The report gives a detailed analysis of the following key players in the global animal fat market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- SARIA SE & Co. KG
- Darling Ingredients Inc.
- Ten Kate Vetten BV
- Baker Commodities Inc.
- Colyer Fehr Group
- Tallow Products Pty Ltd
- Australian Tallow Producers
- Others
The report gives an in-depth analysis of the macro and micro aspects of the industry. The comprehensive EMR report provides an assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis. It also gives a thorough analysis of the regional price trends of lard and tallow for the historical (2016-2020) and forecast (2021-2026) period.
1 Preface
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.4 Assumptions
2.5 Market Models
3 Introduction
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Fats and Oils Market Overview
6.1 Figure: Global Fats and Oils Historical Market (2016-2020) & Forecast (2021-2026)
6.2 Chart: Global Fats and Oils Market Breakup by Category
6.2.1 Oils
6.2.2 Fats
6.2.3 Fish Oil
7 Global Animal Fat Market Analysis
7.1 Figure: Global Animal Fat Historical Market (2016-2020) & Forecast (2021-2026)
7.2 Chart: Global Animal Fat Market Breakup by Type
7.2.1 Tallow/Grease
7.2.2 Lard
7.2.3 Others
7.3 Figure: Global Animal Fat Market Breakup by Type: Historical Market (2016-2020) & Forecast (2021-2026)
7.3.1 Tallow/Grease
7.3.2 Lard
7.3.3 Others
7.4 Chart: Global Animal Fat Market Breakup by Application
7.4.1 Biodiesel
7.4.2 Animal Feed
7.4.3 Oleochemical
7.4.4 Pet Food
7.4.5 Food Applications
7.4.6 Others
7.5 Figure: Global Animal Fat Market Breakup by Application: Historical Market (2016-2020) & Forecast (2021-2026)
7.5.1 Biodiesel
7.5.2 Animal Feed
7.5.3 Oleochemical
7.5.4 Pet Food
7.5.5 Food Applications
7.5.6 Others
7.6 Chart: Global Animal Fat Market Breakup by Region
7.6.1 North America
7.6.1.1 United States of America
7.6.1.2 Canada
7.6.2 Europe
7.6.2.1 Germany
7.6.2.2 France
7.6.2.3 United Kingdom
7.6.2.4 Italy
7.6.2.5 Others
7.6.3 Asia Pacific
7.6.3.1 China
7.6.3.2 Japan
7.6.3.3 India
7.6.3.4 ASEAN
7.6.3.5 Others
7.6.4 Latin America
7.6.4.1 Brazil
7.6.4.2 Argentina
7.6.4.3 Mexico
7.6.4.4 Others
7.6.5 Middle East and Africa
7.6.5.1 Saudi Arabia
7.6.5.2 United Arab Emirates
7.6.5.3 Nigeria
7.6.5.4 South Africa
7.6.5.5 Others
7.7 Figure: Global Animal Fat Market Breakup by Region: Historical Market (2016-2020) & Forecast (2021-2026)
7.7.1 North America
7.7.1.1 United States of America
7.7.1.2 Canada
7.7.2 Europe
7.7.2.1 Germany
7.7.2.2 France
7.7.2.3 United Kingdom
7.7.2.4 Italy
7.7.2.5 Others
7.7.3 Asia Pacific
7.7.3.1 China
7.7.3.2 Japan
7.7.3.3 India
7.7.3.4 ASEAN
7.7.3.5 Others
7.7.4 Latin America
7.7.4.1 Brazil
7.7.4.2 Argentina
7.7.4.3 Mexico
7.7.4.4 Others
7.7.5 Middle East and Africa
7.7.5.1 Saudi Arabia
7.7.5.2 United Arab Emirates
7.7.5.3 Nigeria
7.7.5.4 South Africa
7.7.5.5 Others
8 Global Animal Fat Price Analysis
8.1 Tallow Historical Price Trends (2016-2020) and Forecast (2021-2026)
8.1.1 North America
8.1.2 Europe
8.1.3 Asia Pacific
8.1.4 Latin America
8.1.5 Middle East and Africa
8.2 Lard Historical Price Trends (2016-2020) and Forecast (2021-2026)
8.2.1 North America
8.2.2 Europe
8.2.3 Asia Pacific
8.2.4 Latin America
8.2.5 Middle East and Africa
9 Global (HS Code: 151610) Trade Analysis
9.1 Major Exporting Countries: By Value and Volume
9.2 Major Importing Countries: By Value and Volume
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Porter’s Five Forces Analysis
11.1 Overview
11.2 Buyer’s Power
11.3 Supplier’s Power
11.4 New Entrants
11.5 Degree of Rivalry
11.6 Substitutes
12 Value Chain Analysis
13 EMR’s Key Indicators for Demand
14 EMR’s Key Indicator for Price
15 Procurement Strategy
15.1 Engagement Models
15.2 Buying and Sourcing Trends
16 Competitive Landscape & Supplier Analysis
16.1 SARIA SE & Co. KG
16.1.1 Company Overview
16.1.2 Financial Analysis
16.2 Darling Ingredients Inc.
16.2.1 Company Overview
16.2.2 Financial Analysis
16.3 Ten Kate Vetten BV
16.3.1 Company Overview
16.3.2 Financial Analysis
16.4 Baker Commodities Inc.
16.4.1 Company Overview
16.4.2 Financial Analysis
16.5 Colyer Fehr Group
16.5.1 Company Overview
16.5.2 Financial Analysis
16.6 Tallow Products Pty Ltd
16.6.1 Company Overview
16.6.2 Financial Analysis
16.7 Australian Tallow Producers
16.7.1 Company Overview
16.7.2 Financial Analysis
16.8 Others
17 Events and Developments
Analyst Review
The global animal fat market attained a value of nearly USD 227.9 billion in 2020. It is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 8%. The market is projected to reach USD 361.65 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on types, the global animal fat market can be segmented into tallow/grease and lard, among others, with the tallow/grease segment leading the market. The major applications of animal fat are biodiesel, animal feed, oleochemical, pet food, and food applications, among others. The major regional markets of the product are North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa. The key players in the above industry include SARIA SE & Co. KG, Darling Ingredients Inc., Ten Kate Vetten BV, Baker Commodities Inc., Colyer Fehr Group, Tallow Products Pty Ltd, and Australian Tallow Producers, among others.
The major drivers of the industry such as rising disposable incomes, increasing population, and rising demand for biodiesel, food, oleochemical, and pet food industries are driving the growth of the market globally. EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with industry insights that are accurate, actionable, and help them remain ahead of their competition.
EMR’s approach gives their clients a comprehensive assessment of the prevailing and projected industry conditions through the collection, collation, and analysis of data from trusted sources. The key questions answered in the market study are:
- How has the global animal fat market performed in the previous years (2016-2020)?
- What is the forecast assessment of the market for 2021-2026?
- What are the major industry drivers and constraints?
- What are the major price and demand indicators of the global animal fat market?
- What are the price trends of the product in the global industry?
- Who are the key manufacturers of the product in the global market?
- What is the degree of competition in the global market?
- What are the import and export trends in the global animal fat market?
- Who are the top importers and exporters of the product in the industry globally?
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