The global beef fat market size was valued at $59,751.7 million in 2021 and is estimated to reach $127,705.3 million by 2031, registering a CAGR of 8.1% from 2022 to 2031.
Beef fat comes from organ meats, particularly the kidney region. Tallow is a rendered beef fat with a long shelf life that is extracted from the tough, soap-like fat that surrounds beef cuts, including steak, brisket, roasts, and ribs. Tallow was first mentioned in the 15th century. This extracted cow fat served as the main oleo ingredient for roasting, baking, making candles, and even making soap. Although butter and vegetable shortening gradually replaced this component and other animal fats, they have recently acquired appeal again.
Raw beef fat must be carefully heated and liquefied throughout the rendering process. It is allowed to cool and solidify after being liquid. It becomes stable on shelves, in the same way butter or coconut oil do. The rendered fat from a cow, known as beef tallow, is commonly used in cooking but is also used in the production of candles and soap. Beef tallow is fat made from cattle animals. The fat surrounding the kidneys yields the finest tallow. This fat, which is also known as suet or leaf fat, is some of the most nutrient-dense fat found in the entire animal. Any kind of beef fat, however, can be converted and transformed into tallow. Despite not being a particularly popular component now, beef fat was previously used to make pemmican, a Native American staple comprised of cattle tallow, dried meat, and dried fruit.
The beef fat market is segmented into application, distribution channel, and region. By application, it is segmented into biodiesel, animal feed, oleo chemical, food industry, and others. By distribution channel, it is segregated into business-to-business, hypermarkets/supermarkets, retail stores, online stores, and others. On the basis of region, it is analyzed across North America (the U. S., Canada, and Mexico), Europe (Germany, Belgium, France, UK, Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, New Zealand and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia and Rest of LAMEA).
Region-wise, in 2021, LAMEA has gained a considerable share in beef fat and is expected to grow at the highest CAGR. The demand for ayurvedic medications to treat a variety of health conditions, including as constipation, arthritis, stress, diabetes, insomnia, and gastrointestinal problems, is likely to increase the demand for beef fat.
The major players operating in the market are Windsor Quality Meats, Tassie Tallow, Wellness Beefs, Indian Feeds Company, Pridham Pty Ltd, SBH Foods, Mercomeat, PIERMEN B. V., Devra Trading Ltd., and Darling Ingredients, Inc.
Beef fat comes from organ meats, particularly the kidney region. Tallow is a rendered beef fat with a long shelf life that is extracted from the tough, soap-like fat that surrounds beef cuts, including steak, brisket, roasts, and ribs. Tallow was first mentioned in the 15th century. This extracted cow fat served as the main oleo ingredient for roasting, baking, making candles, and even making soap. Although butter and vegetable shortening gradually replaced this component and other animal fats, they have recently acquired appeal again.
Raw beef fat must be carefully heated and liquefied throughout the rendering process. It is allowed to cool and solidify after being liquid. It becomes stable on shelves, in the same way butter or coconut oil do. The rendered fat from a cow, known as beef tallow, is commonly used in cooking but is also used in the production of candles and soap. Beef tallow is fat made from cattle animals. The fat surrounding the kidneys yields the finest tallow. This fat, which is also known as suet or leaf fat, is some of the most nutrient-dense fat found in the entire animal. Any kind of beef fat, however, can be converted and transformed into tallow. Despite not being a particularly popular component now, beef fat was previously used to make pemmican, a Native American staple comprised of cattle tallow, dried meat, and dried fruit.
The beef fat market is segmented into application, distribution channel, and region. By application, it is segmented into biodiesel, animal feed, oleo chemical, food industry, and others. By distribution channel, it is segregated into business-to-business, hypermarkets/supermarkets, retail stores, online stores, and others. On the basis of region, it is analyzed across North America (the U. S., Canada, and Mexico), Europe (Germany, Belgium, France, UK, Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, New Zealand and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia and Rest of LAMEA).
Region-wise, in 2021, LAMEA has gained a considerable share in beef fat and is expected to grow at the highest CAGR. The demand for ayurvedic medications to treat a variety of health conditions, including as constipation, arthritis, stress, diabetes, insomnia, and gastrointestinal problems, is likely to increase the demand for beef fat.
The major players operating in the market are Windsor Quality Meats, Tassie Tallow, Wellness Beefs, Indian Feeds Company, Pridham Pty Ltd, SBH Foods, Mercomeat, PIERMEN B. V., Devra Trading Ltd., and Darling Ingredients, Inc.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the beef fat market analysis from 2021 to 2031 to identify the prevailing beef fat market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the beef fat market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global beef fat market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Application
- Animal Feed
- Oleo Chemical
- Food Industry
- Others
- Biodiesel
By Distribution Channel
- Business to Business
- Hypermarkets/Supermarkets
- Retail Stores
- Online Stores
- Others
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- Belgium
- France
- UK
- Italy
- Spain
- Rest Of Europe
- Germany
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- New Zealand
- Rest Of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest Of LAMEA
Key Market Players
- Windsor Quality Meats
- Tassie Tallow
- Wellness Beefs
- Indian Feeds Company
- Pridham Pty Ltd
- SBH Foods
- Mercomeat
- PIERMEN B. V.
- Devra Trading Ltd
- Darling Ingredients, Inc.
Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: BEEF FAT MARKET, BY APPLICATION
4.1 Overview
4.1.1 Market size and forecast
4.2 Biodiesel
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Animal Feed
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Oleo Chemical
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Food Industry
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
4.6 Others
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market analysis by country
CHAPTER 5: BEEF FAT MARKET, BY DISTRIBUTION CHANNEL
5.1 Overview
5.1.1 Market size and forecast
5.2 Business to Business
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Hypermarkets/Supermarkets
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Retail Stores
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Online Stores
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
5.6 Others
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market analysis by country
CHAPTER 6: BEEF FAT MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Application
6.2.3 North America Market size and forecast, by Distribution Channel
6.2.4 North America Market size and forecast, by country
6.2.4.1 U. S.
6.2.4.1.1 Market size and forecast, by Application
6.2.4.1.2 Market size and forecast, by Distribution Channel
6.2.4.2 Canada
6.2.4.2.1 Market size and forecast, by Application
6.2.4.2.2 Market size and forecast, by Distribution Channel
6.2.4.3 Mexico
6.2.4.3.1 Market size and forecast, by Application
6.2.4.3.2 Market size and forecast, by Distribution Channel
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Application
6.3.3 Europe Market size and forecast, by Distribution Channel
6.3.4 Europe Market size and forecast, by country
6.3.4.1 Germany
6.3.4.1.1 Market size and forecast, by Application
6.3.4.1.2 Market size and forecast, by Distribution Channel
6.3.4.2 Belgium
6.3.4.2.1 Market size and forecast, by Application
6.3.4.2.2 Market size and forecast, by Distribution Channel
6.3.4.3 France
6.3.4.3.1 Market size and forecast, by Application
6.3.4.3.2 Market size and forecast, by Distribution Channel
6.3.4.4 UK
6.3.4.4.1 Market size and forecast, by Application
6.3.4.4.2 Market size and forecast, by Distribution Channel
6.3.4.5 Italy
6.3.4.5.1 Market size and forecast, by Application
6.3.4.5.2 Market size and forecast, by Distribution Channel
6.3.4.6 Spain
6.3.4.6.1 Market size and forecast, by Application
6.3.4.6.2 Market size and forecast, by Distribution Channel
6.3.4.7 Rest of Europe
6.3.4.7.1 Market size and forecast, by Application
6.3.4.7.2 Market size and forecast, by Distribution Channel
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Application
6.4.3 Asia-Pacific Market size and forecast, by Distribution Channel
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Market size and forecast, by Application
6.4.4.1.2 Market size and forecast, by Distribution Channel
6.4.4.2 Japan
6.4.4.2.1 Market size and forecast, by Application
6.4.4.2.2 Market size and forecast, by Distribution Channel
6.4.4.3 India
6.4.4.3.1 Market size and forecast, by Application
6.4.4.3.2 Market size and forecast, by Distribution Channel
6.4.4.4 South Korea
6.4.4.4.1 Market size and forecast, by Application
6.4.4.4.2 Market size and forecast, by Distribution Channel
6.4.4.5 Australia
6.4.4.5.1 Market size and forecast, by Application
6.4.4.5.2 Market size and forecast, by Distribution Channel
6.4.4.6 New Zealand
6.4.4.6.1 Market size and forecast, by Application
6.4.4.6.2 Market size and forecast, by Distribution Channel
6.4.4.7 Rest of Asia-Pacific
6.4.4.7.1 Market size and forecast, by Application
6.4.4.7.2 Market size and forecast, by Distribution Channel
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Application
6.5.3 LAMEA Market size and forecast, by Distribution Channel
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Brazil
6.5.4.1.1 Market size and forecast, by Application
6.5.4.1.2 Market size and forecast, by Distribution Channel
6.5.4.2 South Africa
6.5.4.2.1 Market size and forecast, by Application
6.5.4.2.2 Market size and forecast, by Distribution Channel
6.5.4.3 Saudi Arabia
6.5.4.3.1 Market size and forecast, by Application
6.5.4.3.2 Market size and forecast, by Distribution Channel
6.5.4.4 Rest of LAMEA
6.5.4.4.1 Market size and forecast, by Application
6.5.4.4.2 Market size and forecast, by Distribution Channel
CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Players
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments
CHAPTER 8: COMPANY PROFILES
8.1 Windsor Quality Meats
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 Tassie Tallow
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 Wellness Beefs
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 Indian Feeds Company
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 Pridham Pty Ltd
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 SBH Foods
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 Mercomeat
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 PIERMEN B. V.
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 Devra Trading Ltd
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 Darling Ingredients, Inc.
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments
Executive Summary
According to this report, titled, 'Beef fat Market,' the beef fat market was valued at $59.8 billion in 2021, and is estimated to reach $127.7 billion by 2031, growing at a CAGR of 8.1% from 2022 to 2031.Beef fat is used for a variety of things, including biodiesel, personal care products, animal feed, and many others in the food and beverage business. In terms of domestic use, it is mostly used for the manufacture of cleansers, where the rising demand for cleansers is expected to increase the market interest in beef fat in the years to come. It is also used as a cooking fat and margarine alternative in the food and beverage industry. As beef fat is also highly affordable as compared to other cooking oils available in the commercial sectors, the growing number of food businesses globally is expected to promote the need for it. Not only is beef fat tastier and a better choice for high-heat cooking, it also has a number of unexpected health advantages, including improving immunological function and making it simpler for the body to absorb fat-soluble vitamins that support the immune system. It is abundant in vitamins A, D, E, K, and B1, as well as minerals.
Animal fats make up around one-third of the fats and oils made in the US. This comprises chicken fat, pork lard, and cattle tallow. As they are much less expensive than vegetable oils, animal fats are desirable feedstocks for biodiesel. This is due to the fact that the market for animal fat is significantly less than the market for vegetable oil and that a large portion of the animal fat produced in the U.S. is not regarded as suitable for human consumption. Currently, animal fat is added to pet food and animal feed as well as employed in manufacturing processes, like soap manufacture. The domestic source of animal fat is largely exported.
The beef fat industry is segmented into application, distribution channel, and region. By application, it is segmented into biodiesel, animal feed, oleo chemical, food industry, and others. By distribution channel, it is segregated into business-to-business, hypermarkets/supermarkets, retail stores, online stores, and others. On the basis of region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, Belgium, France, UK, Italy, Spain, and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, New Zealand and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia and Rest of LAMEA).
According to the beef fat market trends, on the basis of application, the animal feed segment was the considerable contributor to the market, with $13,153.7 million in 2021, and is estimated to reach $29,726.0 million by 2031, at a CAGR of 8.7% during the forecast period. Beef fat plays an important role in the animal feed chain ecosystem, as it is one of the sources of long-chain omega-3 fatty acids and amino acids essential for animal growth. Moreover, the beef fat feedstock is the replacement for soybean meal that is used to feed animals, which is expected to offer lucrative opportunities for the algae products market. The rise in demand for beef-fat livestock feed for pigs due to its low cost and high nutritional value is expected to escalate the market growth. Global demand for animal protein is rising as high-protein diets become more and more popular. The rising need for animal proteins suggests that the importance of feed will rise in the years to come. In addition, feed is a crucial component of animal husbandry's sustained growth. Therefore, a rise in animal protein production is expected to increase the production of animal feed and increase the demand for beef fat during the forecast period.
According to the beef fat market analysis, by distribution channel, the online stores segment has gained a significant share in the market is expected to sustain its share throughout the beef fat market forecast period. Online stores is a virtual platforms where goods & services do not require any physical space and are sold through websites. Easy accessibility and heavy discounts & offers provided by these e-commerce platforms boost the adoption of cooking oil, thus serving as a popular medium for purchase. Online stores platform is becoming a popular medium for the purchase of coconut oil attributed to easy availability of products and the benefits provided by it such as the information about the benefits offered by the product, and the facility of home delivery to customers. Moreover, an increase in penetration of various online portals in developed as well as developing regions and the rise in a number of offers or discounts attract a consumer base. Thus, the above-mentioned factors are likely to supplement the growth of the beef fat market through the online store segment during the forecast period.
According to the beef fat market opportunities, region-wise, North America garnered the major beef fat market share in 2021 and is expected to maintain its market share during the forecast period. Upsurge in demand for high nutritional food and rise in applications of beef fat in various industries, including oleo chemical and food and beverages are likely to garner the growth of the North America beef fat market during the forecast period. Furthermore, the growing U.S. animal feed industry and rise in use of the beef fat in animal feed companies are likely to support for beef fat market growth.
The players operating in the global beef fat industry have adopted various developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report include, Windsor Quality Meats, Tassie Tallow, Wellness Beefs, Indian Feeds Company, Pridham Pty Ltd, SBH Foods, Mercomeat, PIERMEN B.V., Devra Trading Ltd., and Darling Ingredients, Inc.
Key findings of the study
The beef fat market size was valued at $59,751.7 million in 2020, and is estimated to reach $127,705.3 million by 2031, registering a CAGR of 8.1% from 2022 to 2031.In 2021, by application, the oleo chemical segment was valued at $17,599.5 million, accounting for 29.5% of the market share.
In 2021, by distribution channel, the retail stores segment was valued at $5,229.0 million, accounting for 3.2% of the market share.
In 2021, Germany was the most prominent beef fat market in Europe, and is projected to reach $8,274.0 million by 2031, growing at a CAGR of 5.8% during the forecast period.
Companies Mentioned
- Windsor Quality Meats
- Tassie Tallow
- Wellness Beefs
- Indian Feeds Company
- Pridham Pty Ltd.
- Sbh Foods
- Mercomeat
- Piermen B.V.
- Devra Trading Ltd.
- Darling Ingredients, Inc.
Methodology
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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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 228 |
| Published | October 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 59751.7 million |
| Forecasted Market Value ( USD | $ 127705.3 million |
| Compound Annual Growth Rate | 7.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
