Allied Market Research recently published a report, titled, “Edible Animal Fat Market by Type (Butter, Lard, Tallow, Others), by Source (Cattle, Pig, Others), by Application (Non Food industry, Food industry): Global Opportunity Analysis and Industry Forecast, 2021-2031″. As per the report, the 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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Major determinants of the market growth
Edible animal fats offer essential fats and calories and help in absorption of fat-soluble vitamins including A, D, E, and K. These factors fuel the growth of the global edible animal fat market. However, rise in prevalence of health problems associated with excessive fat and oil consumption hinders the market growth. On the contrary, rapid growth in raw material cultivation and production would open new opportunities in the future.
Regional Analysis:
Regionally, Asia-Pacific witness a major growth rate during the Edible animal fat Market Forecast period. Increase in demand for edible animal fats from Asia-Pacific countries, particularly India, China, Malaysia, and Indonesia, drives the market. The demand from these countries’ respective food sectors, which is supported by improvement in living standards and population growth, is driving the edible animal fats market. Moreover, increase in emphasis on biofuels, such as biodiesel produced from animal fats, is augmenting the demand for edible animal fats.
Key Players Are:
The key players in the global edible animal fats industry include 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, and BRF. The players in the market has enourmous Edible animal fat Market Opportunity in the emerging nations.
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According to the Edible animal fat Market Analysis, the market is segmented into type, source, application, and region. On the basis of type, the market is categorized into butter, lard, tallow, and others. As per the source, it is divided into cattle, pigs, and others. Depending on the application, it is fragmented into non-food industry and food industry. The food industry is further bifurcated as bakery and confectionery, savory snacks, and convenience foods. Region wise, the animals and marine fats and oils market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Reason to Buy:
✅ Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global Edible animal fat market.
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✅ The key findings and recommendations highlight crucial progressive industry trends in the Edible animal fat market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
✅ Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
✅ Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth to a certain extent.
✅ Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
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China has achieved self-sufficiency in pork and lard production. The increase in consumption of lard-based processed foods has boosted the market for animal and marine fats and oils. Furthermore, tallow is preferred over palm oils in the soap-making industry, as it is a higher quality raw material. Tallow supply has further increased as global slaughter rates have increased considerably.
Check out more related studies published by AMR Research:
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Canned Sardines Market – https://www.alliedmarketresearch.com/canned-sardines-market-A07411
Crustaceans Market – https://www.alliedmarketresearch.com/crustaceans-market-A11170
Haddock Market – https://www.alliedmarketresearch.com/haddock-market-A15850
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