Edible Animal Fat Market Size, Share, Growth Analysis and Forecast to 2032
The global edible animal fat market was valued at USD 51.10 billion in 2023 and is projected to rise from USD 53.78 billion in 2024 to USD 75.92 billion by 2032, exhibiting a CAGR of 4.40% during the forecast period. Asia Pacific led the market in 2023, capturing a 30.53% share, while the U.S. market is expected to grow significantly, reaching an estimated USD 19.86 billion by 2032, fueled by increasing demand from food processing and food service industries.
The COVID-19 pandemic had a noticeable impact on the market, with demand falling below pre-pandemic expectations due to disruptions in food production and distribution channels.
Market Dynamics Key Growth Drivers: The expansion of the edible animal fat market is largely driven by the growing use of animal-derived fats in food preparation across the foodservice sector. These fats are valued for enhancing the flavor, aroma, and texture of food. Their versatility in frying, baking, and sautéing applications makes them a staple ingredient in restaurants and quick-service chains for preparing crispy, flavorful dishes. Additionally, edible animal fats play a significant role in animal nutrition, being used in feed formulations to enhance energy content and overall nutritional value.
Information Source: https://www.fortunebusinessinsights.com/edible-animal-fat-market-105143
Market Trends Adoption of Western Diets Driving Market Expansion Countries such as China, India, and Indonesia are witnessing changing dietary preferences due to rising disposable incomes and industrialization. The growing inclination toward processed foods, bakery items, and fast-food products has led to an uptick in animal fat consumption. Fast-food chains in these nations are increasingly blending local culinary styles with Western-inspired menus, further boosting edible fat demand. In particular, lard—a traditional cooking ingredient in China—continues to be widely used in both home and commercial kitchens. As a result, the growing popularity of Western dietary habits, combined with higher income levels, is significantly supporting the consumption of edible animal fats across the Asia Pacific region.
Segmentation Insights The animal fats market is categorized by type, source, and application, with butter leading the type segment due to its widespread use in food processing and bakery products. By source, the market includes cattle, pigs, and others, where the cattle segment dominates, driven by strong demand for butter and tallow derived from cattle fat. In terms of application, the food industry holds the largest share, supported by the extensive use of animal fats in cooking, baking, and frying across households, restaurants, and commercial food manufacturing sectors.
Regional Insights Asia Pacific, valued at USD 13.92 billion in 2021, remains one of the largest markets for edible animal fats, driven by high butter and lard consumption and increasing demand from developing economies. North America continues to be a key consumer region, particularly for butter and lard, supported by the growing popularity of traditional cooking fats and premium bakery products. In Europe, demand varies across nations, with Germany, Russia, the U.K., and Belgium emerging as leading consumers of tallow and butter, especially within the bakery and foodservice sectors. Meanwhile, South America, led by Brazil, plays a significant role as both a major producer and consumer of rendered meat products, with the extensive use of butter and lard in regional cuisines further propelling market growth.
Competitive Landscape The global market is moderately fragmented, with key players focusing on product diversification, sustainable sourcing, and expansion of processing capabilities to strengthen their presence.
Leading Companies Include: Ten Kate Vetten B.V. (Netherlands) Sanimax (Canada) Hubberts Industries (Canada) Cargill, Incorporated (U.S.) Sonac (Darling Ingredients Inc.) (U.S.) Bunge Limited (U.S.) York Foods Pty Ltd. (Australia) Leo Group Ltd. (U.K.) Boyer Valley Company, LLC (The Lauridsen Group) (U.S.) Coast Packing Company (U.S.)
Recent Development October 2023: iD Fresh Food (India) introduced the iD Twist and Spread Butterstick, a new butter product designed for convenience and easy storage, launched across key Indian markets.
Report Coverage This report offers a comprehensive analysis of the global edible animal fat market, covering key segments such as type, source, and application. It provides insights into current market trends, competitive strategies, and recent industry developments, along with factors contributing to the market’s sustained growth over the forecast period.