Press release
Edible Animal Fat Market Trends That Will Shape the Next Decade: Insights from Growing Emphasis On Facility Expansion In The Edible Animal Fat Market
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the Edible Animal Fat Market Size By 2025?
In the last few years, the market size for edible animal fat has been progressively expanding. It is projected that it will ascend from $29.58 billion in 2024 to $30.9 billion in 2025, revealing a compound annual growth rate (CAGR) of 4.5%. The prior period of growth can be credited to aspects like the food industry's demand, the escalation in meat production, consumer tastes, the cost and access to alternatives, and export markets.
How Big Is the Edible Animal Fat Market Size Expected to Grow by 2029?
Predictions indicate robust expansion for the edible animal fat market in the approaching years, with its worth projected to reach $37.96 billion by 2029, experiencing a compound annual growth rate (CAGR) of 5.3%. This expected surge during the projection period can be ascribed to the rise of health-focused consumers, substitutional fat sources, eco-friendly procurement, unadulterated labels and natural constituents, tailored solutions and specialty fats. The forecasted period could witness significant trends including upscale and gourmet products, alternative fat origins, traditional and homemade methods, gastronomic and taste evolution, and concerns surrounding animal wellbeing and moral considerations.
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Which Key Market Drivers Powering Edible Animal Fat Market Expansion and Growth?
The mounting uptake of consumable animal fats in the culinary sector is predicted to stimulate the edible animal fats market. Thanks to their scrumptious taste and exceptional cooking and baking capabilities, these edible animals are increasingly implemented in food production and related industries. For instance, OECD, a French governmental organization, forecasted in 2022 that there will be a 14% rise in global meat protein consumption by 2030 compared to the average rates from 2018 to 2020. Consequently, this growing utilization of edible animal fats in the food industry is set to boost the need for such fats and therefore propel the market.
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Which Fast-Growing Trends Are Poised to Disrupt the Edible Animal Fat Market?
Leading enterprises in the edible animal fat industry are increasingly focusing on the advancement of novel solutions, including innovative animal fat technologies, to augment product quality and cater to the changing preferences of consumers. Innovative animal fat technologies encapsulate the unique techniques and procedures utilized in generating, refining, and using animal fats in diverse fields. For instance, in March 2023, U.S based food corporation, Cargill Inc., collaborated with CUBIQ FOODS to introduce GoDrop, a groundbreaking fat solution conceived to boost the sensory attributes of plant-based foods. This blend of vegetable oils and water is intended to mimic the flavor and texture of animal fats, yet provide fewer calories and saturated fats, making it suitable for multiple uses like plant-based meats, dairy substitutes, sauces, and bakery items. This alliance serves the consumer's increasing demand for healthier and more fulfilling food choices in the expanding plant-based food industry.
What Are the Emerging Segments in the Edible Animal Fat Market?
The edible animal fatmarket 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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Who Are the Global Leaders 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
Which are the Top Profitable Regional Markets for the Edible Animal Fat Industry?
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.
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