About Edible Animal Fat
In accordance with European Food Hygiene Regulations, edible animal fats are from animals specifically bred, reared, and slaughtered and are processed for human consumption. Premium grade fat is cut from under the skin and from the abdominal cavity which is then purified, filtered and refined to produce high grade oils and fats. Further, edible animal fats are tallow, derived from cattle, lard, which is derived from pigs, and poultry oils. It is used for cooking, baking and frying. In addition, it is used as a component amongst others in meat products, margarine, bakery products, sauces and soups.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Edible Animal Fat market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Darling Ingredients (United States), Ten Kate Holding (Netherlands), Baker Commodities (United States), Saria (United Kingdom), Cargill (United States), Colyer Fehr Tallow (Australia) and York Foods (Australia) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Edible Animal Fat market by , Application (Culinary, Bakery & Confectionery, Savory Snacks, R.T.E Foods/Convenience Foods, Bio-Diesel and Others) and Region.
On the basis of geography, the market of Edible Animal Fat has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Raw Material , the sub-segment i.e. Lard will boost the Edible Animal Fat market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Solid will boost the Edible Animal Fat market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Pigs will boost the Edible Animal Fat market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Preference of Cattle-Based Animal Fat
Market Growth Drivers:
Rising Applications in Bakery and Confectionery and Low Cost of Production and Ease of Availability
Challenges:
Lack of Awareness About the Edible Animal Fat
Restraints:
Availability of Alternative Products
Opportunities:
Diverse Applications of Edible Animal Fat in Food as Well as Chemical Industries and Increasing Demand of Edible Animal Fat for Culinary Purpose
Market Leaders and their expansionary development strategies
In August 2022, Darling Ingredients Inc. the world's premier company repurposing animal and food byproducts into specialty food and feed ingredients and a leader in decarbonization solutions, has acquired of Brazil's largest independent rendering company, FASA Group.
In October 2023, Australian food tech company Nourish Ingredients has unveiled Tastilux, a new animal-free fat. Nourish Ingredients Unveils New Animal-Free Fat in Plant-Based Chicken with Edible Bones.
Key Target Audience
Edible animal fat manufacturers, Bio-fuel manufacturers, Food processing industries, Retailers and wholesalers and Traders, importers and exporters
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.