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Global Tallow Market Size, Share, Growth, Trends, Analysis: By Animal Source: Cattle, Sheep/Goat, Pig, Others; By Application: Animal/Pet Feed, Food and Beverage, Pharmaceuticals, Personal Care and Cosmetics, Others; By Sales Channel: Hypermarket and Supermarket, Online Sales, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Tallow Market Outlook
The global tallow market size reached USD 8.36 billion in 2023. The market is projected to grow at a CAGR of 6.4% between 2024 and 2032, reaching almost USD 14.60 billion by 2032.
Key Takeaways:
- The increasing demand for the incorporation of animal fats like tallow in biofuel production is expected to triple by 2030 from 2021.
- Europe burns 46% of its entire animal fat feedstock to make biodiesel, where the transportation sector is its largest end user.
- Tallow beef is expected to become popular among consumers through online sales channels.
The shift towards sustainability is driving the production and consumption of biofuels in the United States, which is expected to make North America a key player in the global tallow market. The anticipated growth of renewable diesel production capacity in the USA by 4.2 million tonnes by 2024 is expected to drive the imports of tallow from Latin American countries such as Brazil, Argentina, and Chile, into the USA.
The increase in the provision of services provided by bulk storage terminals across the world are expected to fuel the tallow market development. This includes services related to the pre-treatment of ethanol, biodiesel, and other biofuel feedstocks to improve the yield of the final product, minimise shipping costs, and enhance its overall quality.
Due to its neutral taste, shelf stability, and high smoking point, tallow is widely used in pan-frying and frying applications to impart a savoury and crispy flavour to fried food. Various studies pointing out the nutritional benefits of tallow and its effectiveness in preventing heart diseases are further fuelling the market expansion.
Besides, the increasing demand for tallow as a protein supplement in animal feed and pet food globally is expected to drive the market growth. Moreover, the aviation industry is expected to constitute a major portion of the tallow market share in the forecast period.
Market Segmentation
Global Tallow Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Animal Source
- Cattle
- Sheep/Goat
- Pig
- Others
Market Breakup by Application
- Animal/Pet Feed
- Food and Beverage
- Pharmaceuticals
- Personal Care and Cosmetics
- Others
Market Breakup by Sales Channel
- Hypermarket and Supermarket
- Online Sales
- Wholesale Stores
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
The key global tallow market players are Cargill Inc., SARIA SE & Co. KG, Caila & Pares S.A., Australian Tallow Producer, Vantage Specialty Chemicals Inc., Sanimax, Colgate-Palmolive Company, and TAMAN Kamya Ltd., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Animal Source |
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| Breakup by Application |
|
| Breakup by Sales Channel |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Tallow Market Analysis
8.1 Key Industry Highlights
8.2 Global Tallow Historical Market (2018-2023)
8.3 Global Tallow Market Forecast (2024-2032)
8.4 Global Tallow Market by Animal Source
8.4.1 Cattle
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Sheep/Goat
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Pig
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Tallow Market by Application
8.5.1 Animal/Pet Feed
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Food and Beverage
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Pharmaceuticals
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Personal Care and Cosmetics
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Tallow Market by Sales Channel
8.6.1 Hypermarket and Supermarket
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Online Sales
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Wholesale Stores
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Tallow Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Tallow Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Tallow Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Tallow Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Tallow Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Tallow Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code – 150210)
16.1 Major Exporting Countries
16.1.1 By Value
16.1.2 By Volume
16.2 Major Importing Countries
16.2.1 By Value
16.2.2 By Volume
17 Price Analysis
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Cargill Inc.
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 SARIA SE & Co. KG
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Caila & Pares S.A.
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Australian Tallow Producer
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Vantage Specialty Chemicals Inc.
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Sanimax
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Colgate-Palmolive Company
18.2.7.1 Company Overview
18.2.7.2 Product Portfolio
18.2.7.3 Demographic Reach and Achievements
18.2.7.4 Certifications
18.2.8 ATAMAN Kamya Ltd.
18.2.8.1 Company Overview
18.2.8.2 Product Portfolio
18.2.8.3 Demographic Reach and Achievements
18.2.8.4 Certifications
18.2.9 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Tallow Market: Key Industry Highlights, 2018 and 2032
2. Global Tallow Historical Market: Breakup by Animal Source (USD Billion), 2018-2023
3. Global Tallow Market Forecast: Breakup by Animal Source (USD Billion), 2024-2032
4. Global Tallow Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Tallow Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Tallow Historical Market: Breakup by Sales Channel (USD Billion), 2018-2023
7. Global Tallow Market Forecast: Breakup by Sales Channel (USD Billion), 2024-2032
8. Global Tallow Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Tallow Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Tallow Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Tallow Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Tallow Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Tallow Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Tallow Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Tallow Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Tallow Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Tallow Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Tallow Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Tallow Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Major Exporting Countries by Value
21. Major Importing Countries by Value
22. Major Exporting Countries by Volume
23. Major Importing Countries by Volume
24. Global Tallow Market Structure
Key Questions Answered in the Report
The market was valued at nearly USD 8.36 billion in 2023.
The market is projected to grow at a CAGR of 6.4% between 2024 and 2032.
The market is assessed to witness a healthy growth in the forecast period to reach around USD 14.60 billion in 2032.
The different animal sources of tallow include cattle, sheep/goat, and pig, among others.
The major applications of tallow include animal/pet feed, food and beverage, pharmaceuticals, and personal care and cosmetics, among others.
The different sales channels in the market are hypermarket and supermarket, online sales, and wholesale stores, among others.
The major regions in the market include North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
The key market players are Cargill Inc., SARIA SE & Co. KG, Caila & Pares S.A., Australian Tallow Producer, Vantage Specialty Chemicals Inc., Sanimax, Colgate-Palmolive Company, and TAMAN Kamya Ltd., among others.
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