Edible animal fat market is Projected to Register a Healthy CAGR of 4.5% in the Forecast to 2031

According to a new report published by Allied Market Research, titled, "Edible animal fat Market," The edible animal fat market size was valued at $41.8 billion in 2021, and is estimated to reach $64.7 billion by 2031, growing at a CAGR of 4.5% from 2022 to 2031.

The rendering and subsequent separation via presses or centrifuges are used to produce fat from meat stock. The leftovers are dried and fed to animals, and the same pattern can be seen in the production of fish oil, wherein the dried solid residue is sold as fish meal.

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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.

Major Key Players:

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.

Key findings of the study

On the basis of type, the butter segment held the major share in the market. The butter Edible animal fat Market Size was the highest revenue contributor to the market, with $18,682.1 million in 2021
On the basis of source, the cattle segment was the dominating Edible animal fat Industry.
On the basis of application, the non-food industry segment is expected to be the fastest growing segment during the forecast period, with the CAGR of 5.1%.
On the basis of region, Asia-Pacific is expected to be the fastest growing segment during the forecast period with the CAGR of 5.2%.

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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.
✅ Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
✅ 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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