The global edible animal fat market is expanding considerably and is expected to reach USD 19,482 Mn at a CAGR of 2.93% by the end of the forecast period which ends in 2023, reveals Market Research Future (MRFR) in a comprehensive report. Edible animal fats are experiencing steady demand due to its popularity as a multifunctional food ingredient. Taste-enhancing, excellent baking, and cooking properties make them ideally suited for culinary purposes which is a major driver for the growth of the global edible animal fat market.
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The key players in the global edible animal fat market include Baker Commodities Inc. (USA), Colyer Fehr Tallow Pty Ltd. (Australia), York Foods Pty Ltd (Australia), Cargill, Incorporated (USA), Ten Kate Holding B.V. (Netherlands), Darling Ingredients Inc. (USA), and Saria Se & Co. KG (Germany).
The Global Edible Animal Fat Market has been segmented based on application, form, raw material, and source. By application, the global edible animal fat market has been segmented into animal feed, bakery & confectionery, bio-diesel, culinary, R.T.E foods/convenience foods, savory snacks, and others. By form, the global edible animal fat market has been segmented into liquid, solid, and semi-solid. By raw material, the global animal edible animal fat market has been segmented into lard, tallow, and others.
North America, Europe, Asia Pacific and the Rest of the world (RoW) are the key markets for edible animal fat. North America is a significant market for edible animal fat and is expected to register a CAGR of 2.34% over the forecast period. The presence of various key players in the US can be credited for the growth of the market. Canada and Mexico are other important markets in the region.
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January 2019 Market Research Future has published a half-cooked research report on the Global Edible Animal Fat Market.
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