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Edible Animal Fat Market Size
Edible Animal Fat Market size was valued at USD 41.82 billion in 2023 and is projected to grow at 4.6% CAGR from 2024 to 2032, owing to a variety of factors such as increased consumer demand for traditional and natural cooking ingredients and the growing culinary use of animal fats in a variety of cuisines.
Edible animal fats, such as butter, tallow, lard, and fish oils, are valued for their flavors and culinary characteristics. These fats are derived from numerous animals, including cattle, pigs, and fish, and are utilized in a variety of food products, including baked goods, confectionary, fried foods, and savory dishes. In addition to their culinary purposes, animal fats are prized for their nutritional value, which includes vital fatty acids and fat-soluble vitamins.
Report Attributes | Details |
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Base Year: | 2023 |
Market Size in 2023: | USD 41.82 Billion |
Forecast Period: | 2024-2032 |
Forecast Period 2024-2032 CAGR: | 4.6% |
032 Value Projection: | USD 62.77 Billion |
Historical Data for: | 2021-2023 |
No. of Pages: | 200 |
Tables, Charts & Figures: | 162 |
Segments covered: | By Type, By Source, By Application |
Growth Drivers: |
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Pitfalls & Challenges: |
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The edible animal fat market is being boosted by a renewed interest in sustainable and local food sources, as well as the rebound of high-fat, low-carbohydrate diets such as keto and paleo, which emphasize the use of natural fats. However, the market faces hurdles like health concerns about saturated fats and the ethical and environmental aspects of animal farming. The revival of traditional culinary techniques and recipes, which frequently involve the use of animal fats, is another significant trend.
The culinary world is adopting animal fats because they may improve taste and texture in a variety of ways, from artisanal bakeries utilizing butter to create fluffy pastries to chefs using lard to create gourmet dishes. The increasing popularity of food festivals, cookery shows, and social media platforms that highlight local and traditional foods is a clear indication of this a new beginning. For instance, the global bakery market was valued at approximately USD 485 billion in 2023. North America and Europe were major markets, contributing over 60% of the global revenue.
The edible animal fat market is significantly driven by a growing demand for traditional and natural ingredients. The International Food Information Council (IFIC) conducted a survey in 2023 and found that 70% of customers preferred food products with recognizable ingredients. This finding suggests that consumers are becoming more demanding when it comes to simplicity and openness in food production. The current trend may be seen in the increase in demand for natural and minimally processed animal fats like butter, tallow, and lard.
These fats are thought to be healthier and more authentic than their industrially produced counterparts. Conventional cooking fats are also becoming more and more popular because they support the clean-label trend, which places an emphasis on natural and minimal ingredients. Consumers who are concerned about their health are the ones driving this change, reading food labels closely and choosing items that fit their moral and nutritional values. Consequently, there is an increasing need for natural and traditional animal fats, which is changing the food scene and propelling the market.
Edible Animal Fat Market Trends
A variety of continuous trends are being seen in the edible animal fat sector, which are indicative of shifting consumer tastes, improvements in food processing technologies, and shifting regulatory environments. The growing preference of consumers for natural and clean-label products is one such trend. The market for animal fats with minimal processing that maintain their original flavors and nutritional qualities is being driven by this trend. Consumers are become pickier when it comes to ingredient lists; they prefer goods with identifiable, healthy ingredients over ones that have artificial additions and preservatives.
Technological developments in food processing are also improving the quality and shelf life of animal fats on the edible animal fat market. Improved flavor profiles and longer shelf lives are being produced from fats of superior quality thanks to advancements in rendering and purifying techniques. Manufacturers are finding it easier to fulfill the growing need for high-end animal fat products because of these technological advancements.
For example, India's food processing sector currently accounts for approximately 13% of the nation's GDP. With a vision to double this contribution by 2030, the sector is poised for significant expansion. Projections suggest a robust Compound Annual Growth Rate (CAGR) of 15%, aiming to propel the sector's value to an estimated USD 535 billion by the financial year 2025/26. This growth surge is primarily fueled by escalating consumption in Tier-II and III cities, bolstered by government initiatives and rising foreign investments. Such an increase in food processing sector is expected to have an positive impact on market.
Edible Animal Fat Market Analysis
The tallow segment held over USD 14.8 billion in 2023 and demonstrate a 4.2% CAGR through 2032 due to its use in traditional cooking methods and the increasing popularity of high heat cooking techniques. Various consumer trends have an impact on the tallow industry. First of all, there is a growing interest in ancestral and traditional eating customs that support the intake of natural animal fats. The paleo and keto diet movements, which place an emphasis on high-fat, low-carb nutrition, are partially responsible for this enthusiasm.
Second, as consumers seek products with straightforward, identifiable ingredients, tallow is benefiting from the larger clean-label movement. Health-conscious consumers who want to stay away from highly processed oils and other additives find appeal in tallow's natural and lightly processed image. An additional factor influencing the increase of tallow interest is sustainability.
Growing consumer awareness of how food choices affect the environment is driving up demand for goods made from ethical and sustainable sources. Tallow is seen to be a more sustainable fat source, particularly when it comes from cattle that are grown on pasture and fed grass. Because tallow is made from animal parts that may otherwise be thrown away, it is also in line with the zero-waste idea.
The edible animal fat market from cattle segment will expand to USD 29.01 billion and garner a 5.1% CAGR from 2024 to 2032. Cattle fat is used to make tallow, an incredibly useful and popular edible animal fat. Tallow is made from beef suet, which is the thick fat that surrounds the kidneys and loins of cattle. It is highly valued because of its high smoke point, which makes it perfect for baking, roasting, and frying. Saturated fats and important fat-soluble vitamins (A, D, E, and K) are abundant in tallow, which makes a tasty oil for cooking.
The increasing popularity of traditional and ancestral diets, such the paleo and keto diets, which prioritize natural animal fats over industrially processed seed oils, is one of the major causes propelling the tallow industry. Furthermore, there is a growing need for and knowledge of sustainable eating practices.
The edible animal fat market from bakery and confectionery segment is expected to hold USD 22.68 billion in 2032. Edible animal fats, including lard and tallow, are prized for their ability to improve the flavor and texture of baked goods. They contribute to flakier pastries, richer cakes, and moister biscuits. Consumers are increasingly looking for natural ingredients and clear labels. Animal fats, as natural products, correspond with this tendency and are frequently seen as more healthful than hydrogenated vegetable oils.
Animal fats are frequently used in convenience meals to enhance their flavors and texture. Ready-to-eat and ready-to-cook meals benefit from the richness and mouthfeel given by these fats
North America edible animal fat market will record 4.5% CAGR during 2024 to 2032. North America will expand to USD 16.54 billion by 2032. The market for edible animal fat in North America is distinguished by a strong demand for both conventional and contemporary culinary uses. Tallow, lard, and butter are frequently used in a variety of baking and frying dishes.
The market for animal fats has expanded due to consumers' renewed interest in whole, minimally processed meals. The rising popularity of high-fat, low-carb diets like paleo and keto, which prioritize using real animal fats rather than processed ones from industrial sources, is what's causing this development.
Edible Animal Fat Market Share
The market for edible animal fat is moderately fragmented, with a mix of big multinational companies and smaller regional players competing for market share. Bank Brothers, Cargill, Coast Packing, Leo Group Ltd, Sanimax, Sonac, Ten Kate Holding B.V., and York Foods are some of the major players in the market. These businesses use a variety of strategies to stay competitive, such as diversifying their product offerings, forming strategic alliances, and focusing on sustainability.
Cargill, a leader in the food industry globally, uses its extensive supply chain and R&D capabilities to provide a wide range of high-quality animal fat products. The company's emphasis on innovation and sustainability enables it to meet changing consumer demands and regulatory requirements.
These businesses frequently employ strategic alliances and acquisitions to broaden their product offerings and increase their edible animal fat market share. For example, partnerships with regional farmers and producers allow businesses to assist local economies while guaranteeing a consistent raw material supply.
Constant innovation in production technology and product offerings characterizes the competitive scene. Businesses spend money on R&D to enhance the nutritional value, flavor, and quality of their products made from animal fat. In order to fulfill regulatory requirements and customer expectations, they also concentrate on enhancing the sustainability and efficiency of their production processes.
Edible Animal Fat Market Companies
Top companies operating in the edible animal fat industry include:
- Bank Brothers
- Cargill
- Coast Packing
- Leo Group Ltd
- Sanimax
- Sonac
- Ten Kate Holding B.V
- York Foods
- SARIA SE & Co. KG
- Ten Kate Holding B.V
Edible Animal Fat Industry News
- In November 2023, Cargill formed a strategic collaboration with CUBIQ FOODS to provide CUBIQ fats composed of edible animal fats. The key focus of the strategic partnership will accelerate the supply of edible animal fats.
The edible animal fat market research report includes in-depth coverage of the industry, with estimates and forecasts in terms of revenue and volume (USD Million) (Tons) from 2021 to 2032, for the following segments:
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Market, By Type
- Butter
- Tallow
- Lard
- Others
Market, By Source
- Cattle
- Pigs
- Others
Market, By Application
- Bakery and Confectionery
- Savory Snacks
- Convenience Foods
- Culinary Applications
The above information is provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- MEA
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
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