Edible Animal Fat Market | Global Outlook Analysis Size ($64.7 Billion), Trends, Growth (4.5%) and Industry Forecast

Global Edible Animal Fat industry was accounted for $41.8 billion in 2021, and is expected to reach $64.7 billion by 2031, growing at a CAGR of 4.5% from 2022 to 2031. The report provides an in-depth analysis of changing market trends, key investment pockets, top segments, regional landscape, value chain, and competitive scenario.

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The edible animal fat market has seen steady growth in recent years, driven by factors such as increasing demand for high-quality protein sources, growing consumer awareness of the health benefits of animal-based diets, and rising consumer interest in natural and minimally processed food products. Some of the key players in the market include Cargill, Inc., Tyson Foods, Inc., JBS S.A., National Beef Packing Company, LLC, and Hormel Foods Corporation. To meet the growing demand, these companies have invested in research and development to create new and innovative products, as well as expand their global reach through partnerships and acquisitions.

Edible animal fat Market trends

Rising demand for organic and grass-fed animal fats:

Consumers are becoming more conscious of their health and are looking for animal fats that are free from antibiotics, hormones, and other additives.

Increasing demand for animal-based diets:

As consumers become more aware of the health benefits of animal-based diets, the demand for animal fat is expected to increase.

Focus on sustainability:

Companies are focusing on sustainable sourcing of animal fats to meet the growing demand for sustainable and environmentally friendly products.

Technological advancements:

Companies are investing in research and development to create new and innovative products, such as high-quality lard and tallow, to meet the changing needs of consumers.

Expansion of distribution channels:

Companies are expanding their distribution channels to reach new customers, both domestically and internationally.

Growing popularity of specialty fats:

Consumers are becoming more interested in specialty fats, such as duck fat and bacon fat, as they seek to add new flavors to their cooking and food preparation.

The food industry segment dominated the market

By application, the food industry segment held the largest share in 2021, accounting for nearly three-fourths of the global edible animal fat market, due to increase in demand for animal fats such as tallow, fish oil, and lard among baker and other food processors. However, the non-food industry segment is estimated to register the highest CAGR of 5.1% during the forecast period, due to emerging market such as Asia-Pacific and dense population.

The butter segment held the lion's share

By type, the butter segment held the largest share in 2021, contributing to more than two-fifths of the global edible animal fat market, due to rise in number of health-conscious people and increase in disposable income of middle-class population. Moreover, increase in use of butter in exotic cuisines, prepared meals, and snacks in developing regions supplement the market growth. However, the others segment is projected to manifest the highest CAGR of 6.5% from 2022 to 2031, due to overall expansion of food service industry and rise in demand for bakery and confectionery products.

The cattle segment held the largest share

By source, the cattle segment dominated the market in terms of revenue in 2021, accounting for nearly three-fifths of the global edible animal fat market. This is due to high demand for cattle in China and the U.S. and increased consumer desire for animal product influenced by diet. However, the pig segment is projected to showcase the highest CAGR of 5.0% during the forecast period, due to strong disposable income, barbecue season, and increase in millennial population.

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Europe held the lion's share

By region, the global edible animal fat market across Europe dominated in 2021, accounting for nearly one-third of the market, due to rise in consumption of processed foods containing lard and increase in supply of tallow. However, the market across Asia-Pacific is expected to register the highest CAGR of 5.2% during the forecast period, due to concentration of aquaculture industry in China, India, Indonesia, and Vietnam, health concerns among consumers, and use of fish oil as nutritional supplement.

Major market players

Baker Commodities, Inc.
Bunge Limited
COLYER FEHR GROUP
Darling Ingredients
PIERMEN B.V.
SARIA A/S GmbH & Co. KG
Ten Kate Holding B.V.
York Foods
Sanimax
BRF

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