Global Beef Tallow Market Overview:
Beef tallow is odorless and tasteless fat content. Beef tallow can be stored for long periods if stored in an airtight container and is solid at room temperature. Tallow contains glyceryl esters of oleic, stearic acids, and palmitic. It is extracted by boiling fatty tissues in vats or they are cooked in steam digesters and then the fat is collected by either skimming or centrifuging. Beef tallow is used for the manufacture of soaps and candles. Beef tallow is also used in the food industry for cooking and frying. In metallurgy, beef tallow is also used as a flux for soldering.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Adoption of Beef Tallow in Aviation Biofuels
Market Growth Drivers:
Need of Beef Tallow in Soap and Candle Manufacturing and The demand for Beef Tallow in Printmaking
Challenges:
Growing Vegan Population Which Does Not Consume Beef Tallow and Beef Tallow Is Incompatible with Hindu Dietary Laws
Restraints:
Availability of Alternatives to Beef Tallow
Opportunities:
Emerging Demand for Beef Tallow in Skincare and Growing Demand of Beef Tallow Owing to Its Cost Effectiveness
Competitive Landscape:
The beef tallow market is fairly segmented among big, small, and medium firms. Local manufacturers dominate in this market. Negative opinion about beef consumption is big restraint in front of this market. However, tallow is increasingly being used in cosmetics and skincare products which could drive the demand for beef tallow in near future. There are no major barriers to entry for new entrants in this market.
Some of the key players profiled in the report are U.S. Wellness Meats (United States), Piermen B.V. (Netherlands), Cargill (United States), NH Foods (Japan), Rothsay (Canada), York Foods (Australia), Armour lard (United States), Swift and Co., Ltd. (Australia), Master Butchers Co-operative Ltd. (Australia) and Essential Depot (United States). Considering Market by Packaging, the sub-segment i.e. Cans will boost the Beef Tallow market. Considering Market by Sales Channel, the sub-segment i.e. B2B will boost the Beef Tallow market.
According to FDA “Tallow that contains no more than 0.15 percent insoluble impurities, tallow derivatives, gelatin, hides, and hide-derived products, and milk and milk products, and Cattle materials inspected and passed from a country designated by FDA regulations” do not come under prohibited cattle material.
What Can be Explored with the Beef Tallow Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Beef Tallow Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Beef Tallow
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Beef Tallow market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Beef Tallow market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Beef Tallow Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.