Edible Animal Fat Market Segments, Analysis, Trends, Opportunities And Strategies 2024-2033

"The new report published by The Business Research Company, titled ""Edible Animal Fat Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the edible animal fat market size has grown strongly in recent years. It will grow from $28.09 billion in 2023 to $29.58 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The edible animal fat market size is expected to see strong growth in the next few years. It will grow to $36.45 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%.

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Growing Adoption Of Edible Animal Fats In The Food Industry Fuels Market Expansion
The increasing adoption of edible animal fats in the food industry is expected to drive the edible animal fats market. 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, in November 2021, according to the articles published by the North American Renderers Association (NARA), a US-based association, the combined production of pork, beef, mutton, and poultry meat has reached 64.28 million tons, marking a substantial year-on-year increase of 22.4%. Furthermore, the production of mutton, beef, and poultry meat saw respective increases of 5.3%, 3.9%, and 3.8%. Therefore, the increasing adoption of edible animal fats in the food industry will raise the demand for edible animal facts and hence drive the market.

Growing Emphasis On Facility Expansion In The Edible Animal Fat Market
Plant expansion is a key trend gaining popularity in the edible animal fat market. 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.

The edible animal fat market covered in this report is segmented -

1) By Type: Liquid, Solid, Semi-Solid
2) By Source: Pig, Cattle, Other Sources
3) By Application: Culinary, Bakery And Confectionery, Savory Snacks, R.T.E Foods/Convenience Foods, Bio-Diesel, Other Applications

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Major companies operating in the edible animal fat market include Ten Kate Holdings B.V., Cargill Incorporated, Darling Ingredients Inc., Archer Daniels Midland Company, Bunge Limited, Baker Commodities Inc., PIERMEN B.V, SARIA A/S GmbH & Co KG, Sanimax USA LLC, BRF S.A., Colyer Fehr Tallow Pty Ltd., Tyson Foods Inc., Smithfield Foods Inc., Hormel Foods Corporation, Conagra Brands Inc., Kerry Group plc, Wilmar International Limited, Unilever PLC, Nestle S.A., Sanderson Farms Inc., JBS USA Holdings Inc., Perdue Farms Inc., Maple Leaf Foods Inc., West Liberty Foods LLC, Pilgrim's Pride Corporation

Contents of the report:
1. Executive Summary
2. Edible Animal Fat Market Report Structure
3. Edible Animal Fat Market Trends And Strategies
4. Edible Animal Fat Market - Macro Economic Scenario
5. Edible Animal Fat Market Size And Growth
…..
27. Edible Animal Fat Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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