Global Edible Animal Fat Market to Reach $38.43 Billion by 2029, Growing at 5.4% CAGR

What combination of drivers is leading to accelerated growth in the edible animal fat market?
The rise in the usage of edible animal fats in the culinary sector is set to propel the edible animal fats market. These edible animals are chosen for food production and in the food sector owing to their desirable taste and exceptional cooking and baking properties. For example, the Organisation for Economic Co-operation and Development (OECD), a government agency based in France, forecasted in 2022 that the worldwide consumption of meat protein is predicted to surge by 14% by 2030, relative to the average levels spanning 2018 to 2020. Consequently, the mounting usage of edible animal fats in the food industry will stimulate the edible animal facts demand thereby pushing the market.

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What is the projected compound annual growth rate (CAGR) of the edible animal fat market from 2025 to 2034, and what factors influence it?
There has been a marked rise in the market size of edible animal fat in preceding years. The market is expected to expand from a value of $29.58 billion in 2024 to $31.15 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 5.3%. Influencing factors for this growth during the past timeframe include the demand within the food industry, increase in meat production, consumer choices, the cost and accessibility of substitute products, as well as export markets.

The market size for edible animal fat is projected to witness robust expansion in the upcoming years, expected to reach a worth of $38.43 billion by 2029, growing at a CAGR of 5.4%. The forthcoming growth can be credited to factors like health-aware customers, alternatives to traditional fat sources, clean labels and natural ingredient utilization, customization, and specialty fat sourcing. Significant trends predicted during this period encompass luxurious and gourmet products, alternate sources of fat, conventional and skilled application, culinary and flavor enhancements, and concerns regarding animal well-being and morality.

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How are the latest trends influencing the growth of the edible animal fat market?
Major corporations in the edible animal fat sector are concentrating their efforts on formulating unique solutions like novel animal fat technologies. Their objective is to improve the quality of their products and keep up with growing alterations in consumer needs. Novel animal fat technologies describe cutting-edge techniques and procedures employed in manufacturing, refining and using animal fats in multiple applications. As an illustration, in March 2023, Cargill Inc., a food corporation located in the United States, joined forces with CUBIQ FOODS to present GoDrop. This is an ingenious fat solution intended to boost the sensory attributes of food products derived from plants. The concoction of vegetable oils and water is engineered to imitate the flavour and consistency of animal fats. Simultaneously, it offers fewer calories and saturated fats, making it suitable for a variety of uses such as synthetic meats based on plants, milk substitutes, sauces and bakery items. By elevating the nutritional value and overall attractiveness of products derived from plants, this collaboration caters to the consumer demand for nourishing and delightfully palatable food alternatives in the thriving plant-based market.

What are the major segments of the edible animal fat market and their role in driving growth?
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

Subsegments:
1) By Recycled Content Packaging: Recycled Paper and Cardboard Packaging, Recycled Plastic Packaging, Recycled Glass Packaging
2) By Reusable Packaging: Reusable Containers, Reusable Bags, Reusable Wraps (e.g., beeswax wraps)
3) By Degradable Packaging: Biodegradable Plastics, Compostable Packaging, Oxo-degradable Packaging

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Which regions are key players in the growth of the edible animal fat market?
Asia-Pacific was the largest region in the edible animal fat market in 2024. The regions covered in the edible animal fat market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Who are the key firms paving the way for growth in the edible animal fat market?
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

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What Is Covered In The Edible Animal Fat Global Market Report?

•Market Size Forecast: Examine the edible animal fat market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the edible animal fat market for a structured understanding.
•Key Players Overview: Analyze major players in the edible animal fat market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the edible animal fat market.
•Segment Contributions: Evaluate how different segments drive overall growth in the edible animal fat market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the edible animal fat market.
•Industry Challenges: Identify potential risks and obstacles affecting the edible animal fat market.
•Competitive Landscape: Review strategic developments in the edible animal fat market, including expansions, agreements, and new product launches.

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