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Global Edible Animal Fat Market Research Report- Forecast till 2023
- ID: MRFR/F-B & N/2719-HCRR |
- August, 2017 |
- Region: Global |
- 110 pages |
- Half-Cooked Research Reports
The Global Edible Animal Fat Market Information: By Raw Material (Lard, Tallow, and others), By Form (Liquid, Solid, and Semi-Solid), By Source (Cattle, Pig, and others), By Application (Culinary, Bakery & Confectionery, Savory Snacks, R.T.E Foods/Convenience Foods, Bio-Diesel, Animal Feed, and others), and By Regions - Forecast Till 2023
Intended Audience:
- Edible Animal Fat Manufacturers
- Retailers, Wholesalers
- E-commerce Companies
- Traders, Importers and Exporters
Market Synopsis of Edible Animal Fat
Market Scenario
Animal fats and oils are referred to the lipid by-product generated from animals during the meat processing. They are generally considered as co-products or by-products of the meat. Oils, are liquid at room temperature whereas fats are in solid or semi-solid form. The process of production of edible animal fat involves thermal rendering in order to melt the animal fat and process it further to obtain it in purified form. Rendering is widely used to obtain edible and inedible animal fats and proteins which can be marketed for agricultural, food, feed and industrial purposes. The major animal fat produced by the rendering process includes edible/inedible tallow from cattle, white grease and lard from pork processing, poultry fat from chicken processing and others. The demand for edible animal fats is growing along with rise in population as well as they are appreciated as multifunctional food ingredient and their cooking and baking properties. Edible animal fats are also important functionally in the preparation of many food products. Industrial uses of edible animal fats such as biofuel has boosted the market and will continue to contribute in market growth during forecast period. It is also considered to be a beneficial part of a balanced diet as it is a source of energy as well as provides vitamins and minerals.
Global edible animal fats market holds huge opportunity with the increasing popularity of edible animal fats especially lard and tallow as one of the main ingredient for bakery and confectionery products. New varieties and product development especially in food and personal care industry have attracted more consumers towards the edible animal fats and its sale surged globally. In addition to the increasing population, the growing demand for bakery & confectionery products, growing economy, and increasing demand for bio-fuels are expected to drive the edible animal fat market. Increased awareness about the edible animal fat has raised the bar for quality, which, in turn, increase the market share of edible animal fat globally. Major market dispersion is leading to the introduction of new products based out of the edible animal fat. The market players are responding to these new opportunities by expanding their service offerings/product lines, which has fuelled up the share of edible animal fat in the global market. High health benefits such as low in saturated fat, high in heart healthy monounsaturated fat obtained from edible animal fat are also supporting the sale of edible animal fat globally. Additionally, the augmentation of the product development together with research advancements are other significant reasons for the increasing growth of the edible animal fat market during the forecast period 2017-2023.
Key Findings
- Bio-diesel and animal feed are the reasons for growing demand for edible animal fat market.
- Asia Pacific holds the major market share in the edible animal fat market in comparison to Europe and North America.
Segments
The global Edible Animal Fat market is segmented on the basis of raw material, such as lard, tallow, and others. Among these, lard is the high growth segment in this market owing to heat stable, neutral flavored as well as health benefits.
On the basis of form, this market is segmented into liquid, solid, and semi-solid.
On the basis of source, this market is segmented into cattle, pig, and others. Pig is the high growth segment in this market as lard is extracted from pig and there is high demand from lard.
On the basis of application, this market is segmented into culinary, bakery & confectionery, savory snacks, R.T.E foods/convenience foods, bio-diesel, animal feed, and others. Bakery & confectionery as well as savory snacks are the high growth segments in this market due to high demand.
Regional Analysis
The global edible animal fat market is regionally present in North America, Europe, Asia Pacific, and Rest of the World (RoW). Among these, the Asia Pacific region holds major market share followed by North America. The growing demand for edible animal fat in Asia Pacific, due to increasing population, growing economy, as well as growing demand for animal feed and bio-diesel, will drive the growth of the market in this region during the forecasting period. Rising demand of meat snacks especially in the North America has triggered the demand of edible animal fat in savory snacks and convenience food segment. However, in Asia Pacific region, mainly emerging economies including China, and India, is estimated to witness maximum growth in the global edible animal fat market over the forecast period 2017-2023.
Key Players
Some of the key players in the Edible Animal Fat market: Archer Daniels Midland Company (U.S.), Associated British Foods PLC (U.K.), Wilmar International Ltd. (Singapore), Bunge limited (U.S.), Adani Wilmar Limited (India), Cargill, Incorporated (U.S.), Ajinomoto CO., INC. (Japan)
The Edible Animal Fat market is segmented under the following regions mentioned below:
North America
- US
- Canada
- Mexico
Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- Thailand
- Rest of Asia Pacific
Rest of the world
- Latin America
- Middle East
- Others
Table of Content
1. Executive Summary
2. Market Introduction
2.1 Definition
2.2 Scope of the study
2.2.1 Research Objectives
2.2.2 Assumptions
2.2.3 Limitations
2.3 Markets Structure
2.4 Stakeholders
3. Research Methodology
3.1 Research Application
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
3.5 Market Size Estimation
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Market Trends
5.1 Trends in Supply/Certifications
5.2 Trends in Demand/Consumption
5.3 Emerging Markets (Supply & Demand)
5.4 Emerging Brands
5.5 Trade (Import-export) Analysis
5.6 Innovations in Certifications/Application
5.7 Macroeconomic indicators Analysis for top 5 Producing countries
6. Market Factor Analysis
6.1 Introduction
6.2 Value Chain Analysis
6.3 Porter’s Five Forces
6.4 Supply Chain Analysis
7. Market by Raw Material
7.1 Introduction
7.2 Market size (sub segments)
7.2.1 Lard
7.2.2 Tallow
7.2.3 Others
8. Market by Form
8.1 Introduction
8.2 Market size (sub segments)
8.2.1 Liquid
8.2.2 Solid
8.2.3 Semi-solid
9. Market by Source
9.1 Introduction
9.2 Market size (sub segments)
9.2.1 Cattle
9.2.2 Pig
9.2.3 Others
10. Market by Application
10.1 Introduction
10.2 Market size (sub segments)
10.2.1 Culinary
10.2.2 Bakery & Confectionery
10.2.3 Savory Snacks
10.2.4 R.T.E Foods/Convenience Foods
10.2.5 Bio-Diesel
10.2.6 Animal Feed
10.2.7 Others
11. Market by Region
11.1 Introduction
11.1.1 North America
11.1.1.1 U.S.
11.1.1.2 Canada
11.1.1.3 Mexico
11.2 Europe
11.2.1 Introduction
11.2.1.1 Germany
11.2.1.2 France
11.2.1.3 Italy
11.2.1.4 U.K
11.2.1.5 Rest of Europe
11.3 Asia Pacific
11.3.1 Introduction
11.3.1.1 China
11.3.1.2 India
11.3.1.3 Japan
11.3.1.4 Rest of Asia Pacific
11.4 RoW
11.4.1 Introduction
11.4.1.1 Brazil
11.4.1.2 Argentina
11.4.1.3 Egypt
11.4.1.4 South Africa
11.4.1.5 Others
12. Competitive landscape
12.1 Introduction
12.2 Certifications Launch/Development
12.3 Partnerships and collaborations
12.4 Acquisitions
12.5 Business Expansion
13. Company Profiles
13.1 Archer Daniels Midland Company (U.S.)
13.2 Associated British Foods PLC (U.K.)
13.3 Wilmar International Ltd. (Singapore)
13.4 Bunge limited (U.S.)
13.5 Adani Wilmar Limited (India)
13.6 Cargill, Incorporated (U.S.)
13.7 Ajinomoto CO., INC. (Japan)
LIST OF TABLES
TABLE 1 PESTLE ANALYSIS - U.S.
TABLE 2 PESTLE ANALYSIS- IRELAND
TABLE 3 PESTLE ANALYSIS- CHINA
TABLE 4 PESTLE ANALYSIS- JAPAN
TABLE 5 PESTLE ANALYSIS- GERMANY
TABLE 6 KEY SUPPLIERS OF RAW MATERIALS FOR ORGANIC EDIBLE ANIMAL FAT
TABLE 7 GLOBAL ORGANIC EDIBLE ANIMAL FAT MARKET, BY RAW MATERIAL, (2017–2023), USD MILLION
TABLE 8 GLOBAL ORGANIC EDIBLE ANIMAL FAT MARKET, BY FORM, (2017–2023), USD MILLION
TABLE 9 GLOBAL ORGANIC EDIBLE ANIMAL FAT MARKET, BY SOURCE, (2017–2023), USD MILLION
TABLE 10 GLOBAL ORGANIC EDIBLE ANIMAL FAT MARKET, BY APPLICATION, (2017–2023), USD MILLION
TABLE 11 GLOBAL ORGANIC EDIBLE ANIMAL FAT SALES AND GROWTH RATE (2017–2023) USD MILLION
TABLE 12 GLOBAL ORGANIC EDIBLE ANIMAL FAT MARKET TOP 5 COUNTRIES
TABLE 13 GLOBAL ORGANIC EDIBLE ANIMAL FAT MARKET TOP COMPANIES-USD MILLION
TABLE 14 NORTH AMERICAN ORGANIC EDIBLE ANIMAL FAT MARKET, BY RAW MATERIAL, (2017–2023) USD MILLION
TABLE 15 NORTH AMERICAN ORGANIC EDIBLE ANIMAL FAT MARKET, BY FORM, (2017–2023) USD MILLION
TABLE 16 NORTH AMERICAN ORGANIC EDIBLE ANIMAL FAT MARKET, BY SOURCE, (2017–2023), USD MILLION
TABLE 17 NORTH AMERICAN ORGANIC EDIBLE ANIMAL FAT MARKET, BY APPLICATION, (2017–2023), USD MILLION
TABLE 18 EUROPEAN ORGANIC EDIBLE ANIMAL FAT MARKET, BY RAW MATERIAL, (2017–2023) USD MILLION
TABLE 19 EUROPEAN ORGANIC EDIBLE ANIMAL FAT MARKET, BY FORM, (2017–2023) USD MILLION
TABLE 20 EUROPEAN ORGANIC EDIBLE ANIMAL FAT MARKET, BY SOURCE, (2017–2023), USD MILLION
TABLE 21 EUROPEAN ORGANIC EDIBLE ANIMAL FAT MARKET, BY APPLICATION, (2017–2023), USD MILLION
TABLE 22 APAC ORGANIC EDIBLE ANIMAL FAT MARKET, BY RAW MATERIAL, (2017–2023) USD MILLION
TABLE 23 APAC ORGANIC EDIBLE ANIMAL FAT MARKET, BY FORM, (2017–2023) USD MILLION
TABLE 24 APAC ORGANIC EDIBLE ANIMAL FAT MARKET, BY SOURCE, (2017–2023), USD MILLION
TABLE 25 APAC ORGANIC EDIBLE ANIMAL FAT MARKET, BY APPLICATION, (2017–2023), USD MILLION
TABLE 26 REST OF THE WORLD ORGANIC EDIBLE ANIMAL FAT MARKET, BY RAW MATERIAL, (2017–2023) USD MILLION
TABLE 27 REST OF THE WORLD ORGANIC EDIBLE ANIMAL FAT MARKET, BY FORM (2017–2023) USD MILLION
TABLE 28 REST OF THE WORLD EDIBLE ANIMAL FAT MARKET, BY SOURCE, (2017–2023), USD MILLION
TABLE 29 REST OF THE WORLD ORGANIC EDIBLE ANIMAL FAT MARKET, BY APPLICATION, (2017–2023), USD MILLION
TABLE 30 COMPETITIVE LANDSCAPING BASED ON FINACIALS DURING THE YEAR 2016
LIST OF FIGURES
FIGURE 1 RESEARCH METHODOLOGY
FIGURE 2 PRIMARY DATA ANALYSIS APPROACH
FIGURE 3 SECONDARY DATA ANALYSIS APPROACH
FIGURE 4 TREND IN ORGANIC EDIBLE ANIMAL FAT IMPORTS 2012-15
FIGURE 5 GROWTH RATE IN ORGANIC EDIBLE ANIMAL FAT IMPORTS 2012-15
FIGURE 6 ORGANIC EDIBLE ANIMAL FAT IMPORTS MARKET SHARE BY TOP 5 IMPORTERS (2012 VS 2015)
FIGURE 7 TREND IN ORGANIC EDIBLE ANIMAL FAT EXPORTS 2012-15
FIGURE 8 GROWTH RATE ORGANIC EDIBLE ANIMAL FAT EXPORTS 2012-15
FIGURE 9 ORGANIC EDIBLE ANIMAL FAT EXPORTS MARKET SHARE BY TOP 5 EXPORTERS (2012 VS 2015)
FIGURE 10 VALUE CHAIN ANALYSIS
FIGURE 11 COST ANALYSIS: ORGANIC EDIBLE ANIMAL FAT
FIGURE 12 PORTER’S FIVE FORCES ANALYSIS
FIGURE 13 ORGANIC EDIBLE ANIMAL FAT MARKET TRENDS BY RAW MATERIAL
FIGURE 14 ORGANIC EDIBLE ANIMAL FAT MARKET TRENDS BY FORM
FIGURE 15 ORGANIC EDIBLE ANIMAL FAT MARKET TRENDS BY SOURCE
FIGURE 16 ORGANIC EDIBLE ANIMAL FAT MARKET TRENDS BY APPLICATION
FIGURE 17 FINANCIALS
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The Global Edible Animal Fat Market Information: By Raw Material (Lard, Tallow, and others), By Form (Liquid, Solid, and Semi-Solid), By Source (Cattle, Pig, and others), By Application (Culinary, Bakery & Confectionery, Savory Snacks, R.T.E Foods/Convenience Foods, Bio-Diesel, Animal Feed, and others), and By Regions - Forecast Till 2023
Intended Audience:
Market Synopsis of Edible Animal Fat
Market Scenario
Animal fats and oils are referred to the lipid by-product generated from animals during the meat processing. They are generally considered as co-products or by-products of the meat. Oils, are liquid at room temperature whereas fats are in solid or semi-solid form. The process of production of edible animal fat involves thermal rendering in order to melt the animal fat and process it further to obtain it in purified form. Rendering is widely used to obtain edible and inedible animal fats and proteins which can be marketed for agricultural, food, feed and industrial purposes. The major animal fat produced by the rendering process includes edible/inedible tallow from cattle, white grease and lard from pork processing, poultry fat from chicken processing and others. The demand for edible animal fats is growing along with rise in population as well as they are appreciated as multifunctional food ingredient and their cooking and baking properties. Edible animal fats are also important functionally in the preparation of many food products. Industrial uses of edible animal fats such as biofuel has boosted the market and will continue to contribute in market growth during forecast period. It is also considered to be a beneficial part of a balanced diet as it is a source of energy as well as provides vitamins and minerals.
Global edible animal fats market holds huge opportunity with the increasing popularity of edible animal fats especially lard and tallow as one of the main ingredient for bakery and confectionery products. New varieties and product development especially in food and personal care industry have attracted more consumers towards the edible animal fats and its sale surged globally. In addition to the increasing population, the growing demand for bakery & confectionery products, growing economy, and increasing demand for bio-fuels are expected to drive the edible animal fat market. Increased awareness about the edible animal fat has raised the bar for quality, which, in turn, increase the market share of edible animal fat globally. Major market dispersion is leading to the introduction of new products based out of the edible animal fat. The market players are responding to these new opportunities by expanding their service offerings/product lines, which has fuelled up the share of edible animal fat in the global market. High health benefits such as low in saturated fat, high in heart healthy monounsaturated fat obtained from edible animal fat are also supporting the sale of edible animal fat globally. Additionally, the augmentation of the product development together with research advancements are other significant reasons for the increasing growth of the edible animal fat market during the forecast period 2017-2023.
Key Findings
Segments
The global Edible Animal Fat market is segmented on the basis of raw material, such as lard, tallow, and others. Among these, lard is the high growth segment in this market owing to heat stable, neutral flavored as well as health benefits.
On the basis of form, this market is segmented into liquid, solid, and semi-solid.
On the basis of source, this market is segmented into cattle, pig, and others. Pig is the high growth segment in this market as lard is extracted from pig and there is high demand from lard.
On the basis of application, this market is segmented into culinary, bakery & confectionery, savory snacks, R.T.E foods/convenience foods, bio-diesel, animal feed, and others. Bakery & confectionery as well as savory snacks are the high growth segments in this market due to high demand.
Regional Analysis
The global edible animal fat market is regionally present in North America, Europe, Asia Pacific, and Rest of the World (RoW). Among these, the Asia Pacific region holds major market share followed by North America. The growing demand for edible animal fat in Asia Pacific, due to increasing population, growing economy, as well as growing demand for animal feed and bio-diesel, will drive the growth of the market in this region during the forecasting period. Rising demand of meat snacks especially in the North America has triggered the demand of edible animal fat in savory snacks and convenience food segment. However, in Asia Pacific region, mainly emerging economies including China, and India, is estimated to witness maximum growth in the global edible animal fat market over the forecast period 2017-2023.
Key Players
Some of the key players in the Edible Animal Fat market: Archer Daniels Midland Company (U.S.), Associated British Foods PLC (U.K.), Wilmar International Ltd. (Singapore), Bunge limited (U.S.), Adani Wilmar Limited (India), Cargill, Incorporated (U.S.), Ajinomoto CO., INC. (Japan)
The Edible Animal Fat market is segmented under the following regions mentioned below:
North America
Europe
Asia Pacific
Rest of the world