Beef Fat Market projected to garner $127.7 billion by 2031, with a CAGR of 8.1%

The beef fat market was valued at $59.8 billion in 2021, and is estimated to reach $127.7 billion by 2031, growing at a CAGR of 8.1% from 2022 to 2031.

Beef fat is being used more frequently in a variety of industries including biodiesel, animal feed, oleochemicals, and the food business. It has many different uses include those for cooking, fuel, making soap, producing animal feed, shortening, ointments, and lubricants. The demand for the beef fat market would increase in the future due to an increase in the number of soap, biodiesel and lubricant manufacturing enterprises.

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Beef fat is used for a variety of things, including biodiesel, personal care products, animal feed, and many others in the food and beverage business. In terms of domestic use, it is mostly used for the manufacture of cleansers, where the rising demand for cleansers is expected to increase the market interest in beef fat in the years to come. It is also used as a cooking fat and margarine alternative in the food and beverage industry. As beef fat is also highly affordable as compared to other cooking oils available in the commercial sectors, the growing number of food businesses globally is expected to promote the need for it. Not only is beef fat tastier and a better choice for high-heat cooking, it also has a number of unexpected health advantages, including improving immunological function and making it simpler for the body to absorb fat-soluble vitamins that support the immune system. It is abundant in vitamins A, D, E, K, and B1, as well as minerals.

Animal fats make up around one-third of the fats and oils made in the US. This comprises chicken fat, pork lard, and cattle tallow. As they are much less expensive than vegetable oils, animal fats are desirable feedstocks for biodiesel. This is due to the fact that the market for animal fat is significantly less than the market for vegetable oil and that a large portion of the animal fat produced in the U.S. is not regarded as suitable for human consumption. Currently, animal fat is added to pet food and animal feed as well as employed in manufacturing processes, like soap manufacture. The domestic source of animal fat is largely exported.

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Region-wise, North America garnered the major beef fat market share in 2021 and is expected to maintain its market share during the forecast period. Upsurge in demand for high nutritional food and rise in applications of beef fat in various industries, including oleo chemical and food and beverages are likely to garner the growth of the North America beef fat market during the forecast period. Furthermore, the growing U.S. animal feed industry and rise in use of the beef fat in animal feed companies are likely to support for beef fat market growth.

The players operating in the global beef fat industry have adopted various developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report include, Windsor Quality Meats, Tassie Tallow, Wellness Beefs, Indian Feeds Company, Pridham Pty Ltd, SBH Foods, Mercomeat, PIERMEN B.V., Devra Trading Ltd., and Darling Ingredients, Inc.

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