Animal Fats and Oils Market, By Source (Bovine fats and oils, Poultry fats and oils, Pork fats and oils, Fish fats and oils, Other animal fats and oils ), By Product Type, By Application, By Grade/Quality, By Geography

Description

The global animal fats and oils market size was valued at US$ 279.30 billion in 2023 and is expected to reach US$ 475.58 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.9% from 2023 to 2030.

Report Coverage		Report Details
Base Year:	2022	Market Size in 2023:	US$ 279.30 Bn
Historical Data for:	2018 to 2021	Forecast Period:	2023 - 2030
Forecast Period 2023 to 2030 CAGR:	7.90%	2030 Value Projection:	US$ 475.58 Bn

Figure 1. Global Animal Fats and Oils Market Share (%), by Region, 2023

Animal fats and oils are lipids (triacylglycerols) that come from animals, usually as by-products of meat, milk, or wool production. They are not raised specifically for their fats and they do not grow in the same way as oilseeds grown for vegetable oil. Like oils, they are a mixture of saturated and unsaturated fats. These fats and oils are composed of triglycerides, which are made up of three fatty acid molecules attached to a glycerol molecule. Animal fats and oils are a rich source of energy and are used in a variety of applications, including cooking, baking, and food processing. Some common examples of animal fats and oils include butter, lard, tallow, and fish oil.

The structure of animal fats determines their properties and uses. The majority of the fatty acid chains in animal fats are saturated, but they can contain either short-chain or medium-chain unsaturated fatty acids. These characteristics give them different physical properties, for example, the melting point of tallow is higher than that of butter. Their saturated bonds also make animal fats solid at room temperature.

Market Dynamics:

Changing consumer eating patterns and growing demand for processed foods, rising consumption of processed foods due to rising incomes, and the increasing number of working-class people are expected to drive the growth of the global animal fats and oils market over the forecast period.

Despite these drivers, the animal fats and oils market has been facing some challenges, such as strict government regulations and growing environmental concerns. Furthermore, rising obesity and heart disease attributed to excessive consumption of animal fats could hinder the global animal fats and oils market's expansion in the future.

Key features of the study:

This report provides an in-depth analysis of the global animal fats and oils market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global animal fats and oils market based on the following parameters - company highlights, product portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Ajinomoto Co., Inc., Premium Vegetable Oils Sdn Bhd., AAK AB, Conagra Brands, Inc., Richardson International Limited, Bunge Limited, Archer Daniels Midland Company, Cargill, Incorporated, Wilmar International Limited, Tyson Foods, Inc., JBS S.A., Darling Ingredients Inc., IOI Corporation Berhad, Ventura Foods, LLC, BRF S.A., Ajinomoto Co., Inc., Premium Vegetable Oils Sdn Bhd., AAK AB, Conagra Brands, Inc., and Richardson International Limited
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global animal fats and oils market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global animal fats and oils market

Detailed Segmentation:

Global Animal Fats and Oils Market, By Source:
- Bovine (beef) fats and oils
- Poultry fats and oils
- Pork fats and oils
- Fish fats and oils
- Other animal fats and oils
Global Animal Fats and Oils Market, By Product Type:
- Tallow:
- Edible Tallow
- Industrial Tallow
- Lard:
- Edible Lard
- Industrial Lard
- Poultry Fat:
- Edible Poultry Fat
- Industrial Poultry Fat
- Fish Oil:
- Cod Liver Oil
- Salmon Oil
- Tuna Oil
- Others (sardine oil, anchovy oil, etc.)
- Butterfat:
- Anhydrous Butterfat
- Butter Oil
- Others:
- Goat Fat
- Horse Fat
- Lamb Fat
- Deer Fat
Global Animal Fats and Oils Market, By Application:
- Food Industry:
- Cooking Oils
- Margarine and Shortening
- Confectionery
- Flavorings and Seasonings
- Industrial Uses:
- Biodiesel Production
- Soap and Detergent Manufacturing
- Cosmetics and Personal Care Products
- Lubricants and Greases
- Animal Feed:
- Pet Food
- Livestock Feed
- Pharmaceuticals:
- Excipients
- Softgel Capsules
- Injectable Formulations
- Others:
- Leather Processing
- Candle Making
- Biochemicals
Global Animal Fats and Oils Market, By Grade/Quality:
- Prime/High-Quality Grade
- Premium Grade
- Standard Grade
Global Animal Fats and Oils Market, By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Company Profile:
- Bunge Limited
- Archer Daniels Midland Company
- Cargill, Incorporated
- Wilmar International Limited
- Tyson Foods, Inc.
- JBS S.A.
- Darling Ingredients Inc.
- IOI Corporation Berhad
- Ventura Foods, LLC
- BRF S.A.
- Ajinomoto Co., Inc.
- Premium Vegetable Oils Sdn Bhd
- AAK AB
- Conagra Brands, Inc.
- Richardson International Limited

Product Code: CMI5803

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Animal Fats and Oils, By Source
- Market Animal Fats and Oils, By Product Type
- Market Animal Fats and Oils, By Application
- Market Animal Fats and Oils, By Grade/Quality
- Market Animal Fats and Oils, By region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
Changing consumer eating patterns and a growing demand for processed foods
Greater consumer knowledge of superior trans-fat alternatives
- Restraints
Strict government regulations and growing environmental concerns
- Opportunities
Market players focused on strengthening their presence in the market through expansions, acquisitions, and product innovations
Impact Analysis
Key Highlights
Regulatory Scenario
Product launch/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario

4. Animal Fats and Oils Market - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Animal Fats and Oils Market, By Source, 2019-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2019 - 2030
- Segment Trends
Bovine (beef) fats and oils
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2030, (US$ Bn)
Poultry fats and oils
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2030, (US$ Bn)
Pork fats and oils
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2030, (US$ Bn)
Fish fats and oils
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2030, (US$ Bn)
Other animal fats and oils
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2030, (US$ Bn)

6. Animal Fats and Oils Market, By Product Type, 2019-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2019- 2030
- Segment Trends
Tallow
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2030, (US$ Bn)
Edible Tallow
Industrial Tallow
Lard
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2030, (US$ Bn)
Edible Lard
Industrial Lard
Poultry Fat
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2030, (US$ Bn)
Edible Poultry Fat
Industrial Poultry Fat
Fish Oil
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2030, (US$ Bn)
Cod Liver Oil
Salmon Oil
Tuna Oil
Others (sardine oil, anchovy oil, etc.)
Butterfat
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2030, (US$ Bn)
Anhydrous Butterfat
Butter Oil
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2030, (US$ Bn)
Goat Fat
Horse Fat
Lamb Fat
Deer Fat

7. Animal Fats and Oils Market, By Application, 2019-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2019- 2030
- Segment Trends
Food Industry
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2030, (US$ Bn)
Cooking Oils
Margarine and Shortening
Confectionery
Flavorings and Seasonings
Industrial Uses
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2030, (US$ Bn)
Biodiesel Production
Soap and Detergent Manufacturing
Cosmetics and Personal Care Products
Lubricants and Greases
Animal Feed
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2030, (US$ Bn)
Pet Food
Livestock Feed
Pharmaceuticals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2030, (US$ Bn)
Excipients
Softgel Capsules
Injectable Formulations
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2030, (US$ Bn)
Leather Processing
Candle Making
Biochemicals

8. Animal Fats and Oils Market, By Grade/Quality, 2019-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2019- 2030
- Segment Trends
Prime/High-Quality Grade
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2030, (US$ Bn)
Premium Grade
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2030, (US$ Bn)
Standard Grade
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2030, (US$ Bn)

9. Animal Fats and Oils Market, By Region, 2019-2030, (US$ Bn)

Introduction
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Country 2019-2030
- Country Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Source, 2019-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Grade/Quality, 2019-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2023-2030,(US$ Bn)
U.S.
Canada
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Source, 2019-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Grade/Quality, 2019-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2023-2030,(US$ Bn)
Germany
U.K
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Source, 2019-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Grade/Quality, 2019-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2023-2030,(US$ Bn)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Source, 2019-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Grade/Quality, 2019-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2023-2030,(US$ Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Source, 2019-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Grade/Quality, 2019-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Sub-region, 2023-2030,(US$ Bn)
GCC Countries
Israel
South Africa
North Africa
Central Africa
Rest of Middle East

10. Competitive Landscape

Bunge Limited
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Archer Daniels Midland Company
Cargill, Incorporated
Wilmar International Limited
Tyson Foods, Inc.
JBS S.A.
Darling Ingredients Inc.
IOI Corporation Berhad
Ventura Foods, LLC
BRF S.A.
Analyst Views

11. Section

Research Methodology
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