The latest report by IMARC Group, titled “Edible Animal Fat Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, The global edible animal fat market size reached US$ 51.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 68.3 Billion by 2028, exhibiting a growth rate (CAGR) of 4.5% during 2023-2028.
Edible animal fat is a type of dietary fat that is derived from the tissues of animals, such as beef, pork, chicken, and fish. It is commonly used in cooking and food preparation as a source of flavor and texture and can be found in a wide range of products, including meat, dairy, baked goods, and snack foods. Animal fat is composed of triglycerides, which are a type of fatty acid and can be either saturated or unsaturated. While animal fat can provide essential fatty acids and other nutrients, it is also high in calories and saturated fats, which can contribute to heart disease and other health issues when consumed in excess.
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Edible Animal Fat Market Growth and Development:
The increasing demand for convenience foods represents a significant factor driving the market growth across the globe. This is primarily attributed to the busy lifestyle and the rising demand for quick and easy meal options, which often include processed and pre-packaged foods that contain animal fat. In addition to this, the increasing popularity of high-fat diets, such as the ketogenic diet, which emphasize the consumption of healthy fats, including animal fat, is further contributing to the growth of the market. The market is also driven by the rising use of animal fat in various food applications, such as baked goods and snack foods. In line with this, animal fat provides functional benefits, such as extending shelf life and improving the overall quality of the product, thus driving the market growth.
Edible Animal Fat Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the edible animal fat market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Baker Commodities Inc.
- Cargill Inc.
- Colyer Fehr Group
- Piermen B.V.
- Saria Limited
- Ten Kate Holding B.V.
Key Market Segmentation:
The report has segmented the edible animal fat market on the basis of type, technology, signal type, industry vertical and region.
Breakup by Type:
- Butter
- Lard
- Tallow
- Others
Breakup by Source:
- Cattle
- Pig
- Others
Breakup by End User:
- Food-Industry
- Non-Food Industry
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Turkey, South Africa, Others)
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This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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