Summary
The global Animal Fat Processing Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
Animal fat has been used as a fuel in various types of cooking for many years. Animal fats and fish oils are currently much in focus because of their content of high-value Omega-3 unsaturated fatty acids. The fat was also a main component of dairy products and although this has since changed, it is still a large component of the food industry. The process of fat processing involves many different steps and equipment that can be found in a wide range of industries ranging from dairy to food preparation to automobile lubricants and coatings. This is because the animal fat used as fuel has a number of different characteristics including viscosity, texture and solubility.
Market Dynamics
Significant growth of the poultry sector is expected to aid in growth of the global animal fat processing market over the forecast period. For instance, according to a report in 2019, by the U.S. Poultry and Egg Association, National Chicken Council, National Turkey Federation and United Egg Producers, the poultry sector generated US$ 495.1 billion in economic activity and US$ 38.5 billion in government revenue.
Availability of farm loans in developed and emerging economies is expected to offer lucrative growth opportunities for players in the global animal fat processing market. For instance, in the U.S., Department of Agriculture Maine Farm Service Agency offers specially targeted farm ownership and farm operating loans. In 2019, the agency offered US$ 5.97 million in loans. Moreover, launch of gelatin products is also expected to aid in growth of the market. For instance, in July 2020, Darling Ingredients Inc. announced its Rousselot business, launched X-Pure GelMA, ultra-pure gelatins and collagens, suitable for use as biomaterials in 3D bioprinting, tissue engineering, and regenerative medicine, at Bio Digital 2020.
Increasing vegan population is expected to hinder growth of the global animal fat processing market. For instance, according to The Vegan Society, the number of people consuming only vegetarian food in the U.K. increased from 276,000 in 2016 to 600,000 in 2019.
Key Takeaways
- Significant growth of the poultry sector is expected to aid in growth of the global animal fat processing market over the forecast period
- Major players operating in the global animal fat processing market include, Ten Kate Holding B.V., Darling Ingredients, Cargill, Inc., Baker Commodities, SARIA Group, Colyer Fehr Group, York Foods, Alfa Laval, Pepito sro, SRC Milling Company, Koto Doo, College Proteins Group, and SCP
The Animal Fat Processing Market report highlights product development and growth strategies such as merger and acquisition adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Animal Fat Processing Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- Ten Kate Holding B.V.
- Darling Ingredients
- Cargill
- Baker Commodities
- SARIA Group
- Colyer Fehr Group
- York Foods
- Alfa Laval
- Pepito sro
- SRC Milling Company
- Koto Doo
- College Proteins Group
- SCP
By the Product Type, the market is primarily segmented into:
- Beef Tallow Processing
- Lard Processing
- Fish Oils Processing
- Others
By Applications, the market is segmented into:
- split into
- Food & Beverage Industry
- Pharmaceutical
- Sports Nutrition
- Others
The Report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Animal Fat Processing Market Report:
- To assess the size of the market by value and volume
- Analyze the Animal Fat Processing Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Animal Fat Processing Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of –the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact growth of the Animal Fat Processing Market
The Animal Fat Processing Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Animal Fat Processing Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
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