Edible Animal Fat Market - Future Trends, Analysis, Key Segments And Forecast 2023 To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Edible Animal Fat Global Market Report 2023 identifies increasing adoption of edible animal fats as the major driver for the Edible Animal Fat market's growth in the forecast period. Because of their delectable flavor and outstanding cooking and baking abilities, edible animals are being adopted in food production and the food industry. For instance, according to the articles published by North American Renderers Association (NARA), in 2020, beef and animal fat are the fourth and fifth largest categories of animal components by volume in the food industry, with over 100,000 tons of beef fat utilized annually.

The global edible animal fat market size grew from $26.79 billion in 2022 to $28.17 billion in 2023 at a compound annual growth rate (CAGR) of 5.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The edible animal fat market size is expected to grow to $34.37 billion in 2027 at a CAGR of 5.1%.

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Major competitors in the Edible Animal Fat market are Ten Kate Holdings, Cargill Inc., Darling Ingredients Inc., Archer Daniels Midland Company , Bunge Limited , Sanimax , Baker Commodities Inc.

A key trend in the Edible Animal Fat market includes plant expansion. The manufacturers in this market are focusing on expanding their facilities to produce better products to meet the market demand. For instance, in November 2021, Cargill Inc., a US-based food corporation announced a $35 million expansion of its Port Klang production facility in Malaysia. At the facility, the company plans to produce a range of specialty fats for use in chocolates, coatings, fillings and compounds, spreads, bakery fats and other applications.

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The Edible Animal Fat market is segmented -
• By Type: Liquid, Solid, Semi-Solid
• By Source: Pig, Cattle, Other Sources
• By Application: Culinary, Bakery And Confectionery, Savory Snacks, R.T.E Foods/Convenience Foods, Bio-Diesel, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Edible Animal Fat market.

The Business Research Company's "Global Edible Animal Fat Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Edible Animal Fat Market Include:

1. Executive Summary
2. Edible Animal Fat Market Characteristics
3. Edible Animal Fat Market Trends And Strategies
4. Edible Animal Fat - Macro Economic Scenario
5. Edible Animal Fat Market Size And Growth
.
26. Africa Edible Animal Fat Market
27. Edible Animal Fat Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Edible Animal Fat Market
29. Edible Animal Fat Market Future Outlook and Potential Analysis
30. Appendix

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