Animal and Marine Fats and Oils Market  Expected to Experience a Significant Compound Annual Growth Rate CAGR of 7.6% By 2030

Animal fats include render fats and fish oils. Animal fat mixtures differ significantly from vegetable fat mixtures. The adipose tissue of meat stock is used to produce fat, while a large portion of the fat remains with the meat and is consumed directly with the meat.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐚𝐦𝐩𝐥𝐞 𝐰𝐢𝐭𝐡 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 : https://www.alliedmarketresearch.com/request-sample/12812

The animal and marine fats and oils market size is expected to reach $5,16,759.3 million by 2030 at a CAGR of 7.6% from 2021 to 2030.

𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

The key players in the global animal and marine fats and oils industry include Ajinomoto Co., Inc., Australian Tallow Producers, Baker Commodities Inc., Cargill, Colyer Fehr Tallow Pty Ltd., Darling industries, Darling Ingredients, Inc., IFFCO, Jacob Stern & Sons Tallow, SARIA SE & Co. KG, Tallow Products Pty Ltd, Ten Kate Vetten BV, and York Foods Pty Ltd..

The global animal and marine fats and oils market growth is majorly driven by increase in demand for animal and marine fats and oils from the foodservice sector and 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 demand for animal fats.

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 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 animal fat industry.

𝐁𝐮𝐲 𝐍𝐨𝐰 & 𝐆𝐞𝐭 𝟏𝟓% 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 : https://www.alliedmarketresearch.com/checkout-final/c87690a4ceda8e6d21f401c53d7e8fc6

China has achieved self-sufficiency in pork and lard production. 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.

The global animal and marine fats and oils market is segmented into source, product type, form, application, and region. On the basis of source, the market is categorized into animal and marine. As per product type, it is divided into tallow, grease, lard, poultry fat, and others. Based on form, it is segregated into liquid and solid. Depending on application, it is fragmented into biodiesel, animal feed, oleo chemical, food industry, and others. Region wise, market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Various types of animal fats available in the market include bovine fats, edible fats, inedible fats, and cattle fats. The market for animal and marine fats and oils 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.

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