Edible Animal Fat Market 2019: Key Vendors Analysis, Global Share, Emerging Trends and Forecast 2023
The global edible animal fat market is expanding considerably and is expected to reach USD 19,482 Mn at a CAGR of 2.93% by the end of the forecast period which ends in 2023, reveals Market Research Future (MRFR) in a comprehensive report. Edible animal fats are experiencing steady demand due to its popularity as a multifunctional food ingredient. Taste-enhancing, excellent baking, and cooking properties make them ideally suited for culinary purposes which is a major driver for the growth of the global edible animal fat market.
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The global animal fat market has been segmented based on application, form, raw material, and source.
By application, the global edible animal fat market has been segmented into animal feed, bakery & confectionery, bio-diesel, culinary, R.T.E foods/convenience foods, savory snacks, and others (home care products and personal care products).
By form, the global edible animal fat market has been segmented into liquid, solid, and semi-solid.
By raw material, the global animal edible animal fat market has been segmented into lard, tallow, and others.
By source, the global edible animal fat market has been segmented into cattle, pig, and others (fish, goat, poultry, and sheep).
Prominent Key Players
The key players in the global edible animal fat market include Baker Commodities Inc. (USA), Colyer Fehr Tallow Pty Ltd. (Australia), York Foods Pty Ltd (Australia), Cargill, Incorporated (USA), Ten Kate Holding B.V. (Netherlands), Darling Ingredients Inc. (USA), and Saria Se & Co. KG (Germany).
North America, Europe, Asia Pacific and the Rest of the world (RoW) are the key markets for edible animal fat. In Europe, France, Germany, Italy, Spain, and the United Kingdom (UK) are the key contributors, and the Europe market is expected to showcase considerable growth over the forecast period. Argentia, South Africa, and Brazil are other countries which spur the market in the Rest of the World.
They act as part of a beneficial balanced diet. The growth of the market is also impacted by the use of edible animal fat in the production of bio-diesel as well as their application in chemical industries. On the contrary, the growth of the global edible animal fat market might be hindered by their negative reputation concerning health, mainly due to their content of saturated fatty acids.
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Industry/ Innovation/ Related News:
January 2019 Market Research Future has published a half-cooked research report on the Global Edible Animal Fat Market.
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