Edible animal fat market Set for Exponential Surge, Predicted to Hit USD 64.7 billion by 2031

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.

𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗧𝗵𝗲 𝗦𝗮𝗺𝗽𝗹𝗲 𝗣𝗗𝗙 𝗢𝗳 𝗧𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁: https://www.alliedmarketresearch.com/request-sample/17311

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 Edible animal fat Market Trends is majorly driven by an increase in demand for animal fats and oils from the food service sector and the rise in use of lard in the baking industry as bread spreads. In addition, the market for animal fat has expanded rapidly as a result of increased demand from downstream industries such as biodiesel, food, oleo chemical, and pet food. Consumers in developing regions, such as Asia-Pacific, prefer lard over butter in baked goods, thus driving the Edible animal fat Market Demand.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 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.

Lard is another type of animal fat that is used in the feed and oleo chemicals industries. The German baking sector is witnessing increased demand for lard (as a bread spread), which is driving Edible animal fat Market Growth. On annual basis, food companies, particularly those in the bakery industry, obtain lard to be used as a substitute for butter in quantities ranging from 500 to 600 million tons. The demand for tallow, which is used in animal feed and biodiesel, is boosting the growth of the Edible animal fat Industry.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (379 𝐏𝐚𝐠𝐞𝐬 𝐏𝐃𝐅 𝐰𝐢𝐭𝐡 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐂𝐡𝐚𝐫𝐭𝐬, 𝐓𝐚𝐛𝐥𝐞𝐬, 𝐚𝐧𝐝 𝐅𝐢𝐠𝐮𝐫𝐞𝐬) 𝐚𝐭: https://www.alliedmarketresearch.com/checkout-final/1c811d1c0a90e16991e15e2f7d5365a3

Various types of animal fats available in the market include bovine fats, edible fats, inedible fats, and cattle fats. The market for edible animal fats has grown significantly as a result of factors such as rise in demand from the food & beverage and animal feed industries. Furthermore, rapid expansion of the oleo chemical industry demand is expected to open new avenues for the market players. Butter type segment held the major share in the edible animal fats market in 2021.

Based on the source, the cattle segment gains a major traction in the market. The high demand of cattle is expected to grow more especially in China and USA. The strong disposable income of consumers and barbecue season have pushed the demand of cattle sourced animal fat.

Based on the application, the food industry held the major Edible animal fat Market Share in the market. The edible animal fat is being fit for human consumption in the food industry. It is usually used in bakery & confectionery products.

𝐆𝐞𝐭 𝐘𝐨𝐮𝐫 𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝: https://www.alliedmarketresearch.com/request-for-customization/17311

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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