FEATURED COMPANIES
- Ajinomoto Co. Inc.
- Baker Commodities Inc.
- Cargill
- Darling industries
- Darling Ingredients Inc.
- IFFCO
The global animal and marine fats and oils market size was valued at $2,22,335.0 million in 2020, and is estimated to reach $5,16,759.3 million by 2030, registering a CAGR of 7.6% from 2021 to 2030.
Animal fats and oils are both lipids derived from animal; oils are liquid at room temperature, while fats are solid. Although many animal organs and secretions may yield oil, oil is extracted primarily from rendered tissue fats from livestock animal such as pigs, chickens, and cows in commercial practice.
Although certain fats, such as goose fat, have a higher smoke point than other animal fats, they have a lower smoke point as compared to many vegetable oils, such as olive or avocado. Animal fats are commonly consumed in semisolid forms such as milk, butter, lard, schmaltz, and dripping or as filler in factory-produced meat, pet food, and fast food products.
Animal fats and oils as well as marine fats and oils have gained popularity as feed products due to the health benefits they provide to poultry and cattle. Fats and oils are high-energy supplements that help to maintain nutritional balance while lowering feed costs. As a result, these are added as feed products to reduce bloat and energy density in the feed. Furthermore, fats and oils are finding applications in a variety of industries; for instance, they are used as a sustainable method of production in industries such as paints, lubricants, and paper.
One of the major factors driving the growth of the global animal and marine fats and oils market is rise in consumption of processed foods. In addition, favorable government policies to encourage the use of biodiesel and reduce the environmental impact of fossil fuels are positively influencing animal and marine fats and oils market growth. Furthermore, increase in preference for oleo chemicals over petrochemicals in the production of soaps, paints, detergents, varnishes, and lubricants is fueling the growth of the animal and marine fats and oils market industry.
Owing to the outbreak of the COVID-19 pandemic, increase has been witnessed in the consumption of healthy edible oils and nutritional products to strengthen the immune system. Furthermore, the production and distribution of these products were impacted as a result of lockdown imposed by governments in various countries and temporary shutdown of various manufacturing units; however, the market is expected to recover and would reflect the previous animal and marine fats and oils market size value.
A significant number of policies have been implemented by the governments of several countries to encourage the production and consumption of marine oils, causing the market to expand. The Renewable Energy Directive (RED) has driven the European Union's consumption of marine oil for biofuel. This directive, enacted in 2009, calls for renewable energy to account for 10% of road and rail transportation energy consumption by 2020. This target must be implemented by EU member states (countries) along with national laws and incentives such as blending mandates.
Rise in consumption of animal products, which is boosting the demand for high-quality edible fats and oils products and processed food, as well as changes in consumer eating habits are the key factors driving the demand for animal and marine fats and oils.
However, rise in health concerns such as heart disease and obesity as a result of excessive consumption of fats and oils, implementation of stringent government regulations for food safety, and rise in environmental concerns impede the growth of the animal and marine fats and oils market. On the contrary, surge in demand for alternative biodiesel fuel in the transportation sector and exponential increase in global population are expected to offer remunerative opportunities for the expansion of the global market.
According to the animal and marine fats and oils market analysis, the global animal and marine fats and oils market is segmented into source, product type, form, application, and region. On the basis of source, the market is bifurcated into animal and marine. Depending on product type, it is categorized into tallow, grease, lard, poultry fat, and others. As per form, it is divided into liquid and solid. The applications covered in the study include biodiesel, animal feed, oleo chemical, food industry, and others.
The global animal and marine fats and oils market, based on source, the animal segment dominates the market, garnering around 98% of the global animal and marine fats and oils market share in 2020. Marine segment is expected to witness highest growth rate owing to its rising demand in the food industry and will contribute exponentially in the growth of the overall animal and marine fats and oils market industry.
According to the animal and marine fats and oils market trends, based on the application, the biodiesel segment is expected to witness a significant growth due to growing demand for biodiesel owing to the rising environmental concerns.
Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, France, the Netherlands, Germany, Turkey, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and the rest of Asia-Pacific), and LAMEA (Brazil, South Africa, the UAE, and the rest of LAMEA). As per the animal and marine fats and oils market forecast, the Asia-Pacific is expected to witness a significant growth rate due to the growing penetration of food services and restaurant chains coupled with increasing demand for food and rising disposable income.
The major players operating in the global animal and marine fats and oils market are Ajinomoto Co., Inc., Australian Tallow Producers, Baker Commodities Inc., Cargill, Colyer Fehr Tallow Pty Ltd., Darling Industries, Darling Ingredients, Inc., IFFCO, Jacob Stern & Sons Tallow, SARIA SE & Co. KG, Tallow Products Pty Ltd., Ten Kate Vetten BV, and York Foods Pty Ltd. These key market players are constantly engaged in various developmental strategies such as mergers, acquisitions, and joint ventures in order to gain animal and marine fats and oils market share.
Animal fats and oils are both lipids derived from animal; oils are liquid at room temperature, while fats are solid. Although many animal organs and secretions may yield oil, oil is extracted primarily from rendered tissue fats from livestock animal such as pigs, chickens, and cows in commercial practice.
Although certain fats, such as goose fat, have a higher smoke point than other animal fats, they have a lower smoke point as compared to many vegetable oils, such as olive or avocado. Animal fats are commonly consumed in semisolid forms such as milk, butter, lard, schmaltz, and dripping or as filler in factory-produced meat, pet food, and fast food products.
Animal fats and oils as well as marine fats and oils have gained popularity as feed products due to the health benefits they provide to poultry and cattle. Fats and oils are high-energy supplements that help to maintain nutritional balance while lowering feed costs. As a result, these are added as feed products to reduce bloat and energy density in the feed. Furthermore, fats and oils are finding applications in a variety of industries; for instance, they are used as a sustainable method of production in industries such as paints, lubricants, and paper.
One of the major factors driving the growth of the global animal and marine fats and oils market is rise in consumption of processed foods. In addition, favorable government policies to encourage the use of biodiesel and reduce the environmental impact of fossil fuels are positively influencing animal and marine fats and oils market growth. Furthermore, increase in preference for oleo chemicals over petrochemicals in the production of soaps, paints, detergents, varnishes, and lubricants is fueling the growth of the animal and marine fats and oils market industry.
Owing to the outbreak of the COVID-19 pandemic, increase has been witnessed in the consumption of healthy edible oils and nutritional products to strengthen the immune system. Furthermore, the production and distribution of these products were impacted as a result of lockdown imposed by governments in various countries and temporary shutdown of various manufacturing units; however, the market is expected to recover and would reflect the previous animal and marine fats and oils market size value.
A significant number of policies have been implemented by the governments of several countries to encourage the production and consumption of marine oils, causing the market to expand. The Renewable Energy Directive (RED) has driven the European Union's consumption of marine oil for biofuel. This directive, enacted in 2009, calls for renewable energy to account for 10% of road and rail transportation energy consumption by 2020. This target must be implemented by EU member states (countries) along with national laws and incentives such as blending mandates.
Rise in consumption of animal products, which is boosting the demand for high-quality edible fats and oils products and processed food, as well as changes in consumer eating habits are the key factors driving the demand for animal and marine fats and oils.
However, rise in health concerns such as heart disease and obesity as a result of excessive consumption of fats and oils, implementation of stringent government regulations for food safety, and rise in environmental concerns impede the growth of the animal and marine fats and oils market. On the contrary, surge in demand for alternative biodiesel fuel in the transportation sector and exponential increase in global population are expected to offer remunerative opportunities for the expansion of the global market.
According to the animal and marine fats and oils market analysis, the global animal and marine fats and oils market is segmented into source, product type, form, application, and region. On the basis of source, the market is bifurcated into animal and marine. Depending on product type, it is categorized into tallow, grease, lard, poultry fat, and others. As per form, it is divided into liquid and solid. The applications covered in the study include biodiesel, animal feed, oleo chemical, food industry, and others.
The global animal and marine fats and oils market, based on source, the animal segment dominates the market, garnering around 98% of the global animal and marine fats and oils market share in 2020. Marine segment is expected to witness highest growth rate owing to its rising demand in the food industry and will contribute exponentially in the growth of the overall animal and marine fats and oils market industry.
According to the animal and marine fats and oils market trends, based on the application, the biodiesel segment is expected to witness a significant growth due to growing demand for biodiesel owing to the rising environmental concerns.
Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, France, the Netherlands, Germany, Turkey, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and the rest of Asia-Pacific), and LAMEA (Brazil, South Africa, the UAE, and the rest of LAMEA). As per the animal and marine fats and oils market forecast, the Asia-Pacific is expected to witness a significant growth rate due to the growing penetration of food services and restaurant chains coupled with increasing demand for food and rising disposable income.
The major players operating in the global animal and marine fats and oils market are Ajinomoto Co., Inc., Australian Tallow Producers, Baker Commodities Inc., Cargill, Colyer Fehr Tallow Pty Ltd., Darling Industries, Darling Ingredients, Inc., IFFCO, Jacob Stern & Sons Tallow, SARIA SE & Co. KG, Tallow Products Pty Ltd., Ten Kate Vetten BV, and York Foods Pty Ltd. These key market players are constantly engaged in various developmental strategies such as mergers, acquisitions, and joint ventures in order to gain animal and marine fats and oils market share.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of current trends, estimations, and dynamics of the global animal and marine fats and oils market from 2021 to 2030 to identify the prevailing market opportunities.
- Porter’s five forces analysis highlights the potency of the buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
- In-depth analysis of the market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global industry. The market player positioning segment facilitates benchmarking while providing a clear understanding of the present position of the key market players.
- The report includes analyses of the regional as well as global market, key players, market segments application areas, and growth strategies.
KEY MARKET SEGMENTS
By Source
- Animal
- Marine
By Product Type
- Tallow
- Grease
- Lard
- Poultry fat
- Others
By Form
- Liquid
- Solid
By Application
- Biodiesel
- Animal Feed
- Oleochemical
- Food industry
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- France
- Netherlands
- Germany
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- UAE
- Rest of LAMEA
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- Ajinomoto Co. Inc.
- Baker Commodities Inc.
- Cargill
- Darling industries
- Darling Ingredients Inc.
- IFFCO
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: ANIMALS AND MARINE FATS AND OILS MARKET, BY SOURCE
CHAPTER 5: ANIMALS AND MARINE FATS AND OILS MARKET, BY PRODUCT TYPE
CHAPTER 6: ANIMALS AND MARINE FATS AND OILS MARKET, BY FORM
CHAPTER 7: ANIMALS AND MARINE FATS AND OILS MARKET, BY APPLICATION
CHAPTER 8: ANIMALS AND MARINE FATS AND OILS MARKET, BY REGION
CHAPTER 9: COMPETITION LANDSCAPE
CHAPTER 10: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Note: Product cover images may vary from those shown
- Ajinomoto Co. Inc.
- Australian Tallow Producers
- Baker Commodities Inc.
- Cargill
- Colyer Fehr Tallow Pty Ltd.
- Darling industries
- Darling Ingredients Inc.
- IFFCO
- Jacob Stern & Sons Tallow
- SARIA SE & Co. KG
- Tallow Products Pty Ltd.
- Ten Kate Vetten BV
- York Foods Pty Ltd.
Note: Product cover images may vary from those shown
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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