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Tallow Market Size and Forecast, Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Source, End-Use Industry, and Geography

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    Report

  • 165 Pages
  • July 2024
  • Region: Global
  • The Insight Partners
  • ID: 5991469
UP TO OFF until Dec 31st 2024
The tallow market size is projected to reach US$ 7.65 billion in 2023 to US$ 11.41 billion by 2031. It is estimated to register a CAGR of 5.1% from 2023 to 2031.

Tallow is used by various end-use industries such as food & beverages, personal care, home care, biofuel, lubrication, and animal feed owing to its varied benefits. In the food & beverage industry, tallow has potential uses in numerous procedures, including shallow frying, deep frying, grilling, poaching, and baking. As compared to vegetable oils such as canola oil, sunflower oil, soybean oil, and peanut oil, tallow has become a potential medium for frying. It possesses the highest smoke point than other frying media. Also, it remains constant at high temperatures by conveying a more desirable flavor and crispiness to fried foods than other vegetable oils. Additionally, beef tallow comprises a balanced ratio of saturated and unsaturated fats, making it an ideal substitute for oils with higher levels of unhealthy trans fats. Thus, tallow is significantly used for food and beverage applications.

Tallow is also used in producing soaps, candles, and skincare products. Its moisturizing features make it a preferred ingredient in skincare formulations, while its capability to develop a steady lather improves the quality of soaps. Beef tallow's moisturizing and emollient properties have garnered attention from the pharmaceutical and cosmetic industries. Further, tallow is significantly used for animal feed and pet food products as it has various nutritional component such as Vitamin A, Vitamin D, Vitamin K, Vitamin E, conjugated linoleic acid (CLA) that has inherent anti-inflammatory properties, oleic acid (omega 9), and palmitic acid. In animal feed industry, tallow is majorly used in poultry and pork feed.

Based on end-use industry, the tallow market is divided into food & beverages, personal care & cosmetics, lubricants, biofuel, animal nutrition, and others. The biofuel segment held a larger share of the market in 2023. Tallow is an increasingly attractive choice as a renewable feedstock for fuel producers attributed to its abundant availability, high cetane number, and comparatively low-cost offering. It has a high smoke point of about 420-degree Fahrenheit or 215-degree Celsius which makes it ideal for the production of slow-burning and long-lasting biofuel. In addition, the sustainable and biodegradable properties make it suitable for the production of biofuels substituting traditional, fossil fuels across the globe. Such factors propel the demand for tallow in the fuel industry.

A few players operating in the tallow market Cargill Inc, Dalian Daping Oil Chemicals Co. Ltd, ECSA Chemicals SA, Minerva SA, NH Foods Australia Pty Ltd, Craig Mostyn Group, Tassie Tallow, Leo Group Ltd, Maine Tallow Company, and Pridham Pty Ltd and among others. Players operating in the tallow market focus on providing innovative and healthy products at affordable prices to fulfill customer demand.

The overall tallow market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers - along with external consultants such as valuation experts, research analysts, and key opinion leaders - specializing in the tallow market.

Reasons to Buy:

  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the global tallow market, thereby allowing players to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

Table of Contents

1. Introduction
1.1 Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Market Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. Tallow Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturing Process
4.3.3 Distributors or Suppliers
4.3.4 Application
4.3.5 List of Vendors in the Value Chain
5. Tallow Market - Key Market Dynamics
5.1 Tallow Market - Key Market Dynamics
5.2 Market Drivers
5.2.1 Wide Application Scope
5.2.2 Increasing Use of Tallow for Animal Nutrition
5.3 Market Restraints
5.3.1 Availability of Alternatives
5.4 Market Opportunities
5.4.1 Surging Demand for Biofuel
5.5 Future Trends
5.5.1 Natural Beauty Trend Boost Tallow-based Skin Care Products
5.6 Impact of Drivers and Restraints:
6. Tallow Market - Global Market Analysis
6.1 Tallow Market Revenue (US$ Million), 2021-2031
6.2 Tallow Market Forecast Analysis
7. Tallow Market Analysis - by Source
7.1 Beef
7.1.1 Overview
7.1.2 Beef: Tallow Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Sheep
7.2.1 Overview
7.2.2 Sheep: Tallow Market - Revenue and Forecast to 2031 (US$ Million)
7.3 Others
7.3.1 Overview
7.3.2 Others: Tallow Market - Revenue and Forecast to 2031 (US$ Million)
8. Tallow Market Analysis - by End-Use Industry
8.1 Food and Beverages
8.1.1 Overview
8.1.2 Food and Beverages: Tallow Market - Revenue and Forecast to 2031 (US$ Million)
8.2 Personal Care and Cosmetics
8.2.1 Overview
8.2.2 Personal Care and Cosmetics: Tallow Market - Revenue and Forecast to 2031 (US$ Million)
8.3 Lubricants
8.3.1 Overview
8.3.2 Lubricants: Tallow Market - Revenue and Forecast to 2031 (US$ Million)
8.4 Biofuel
8.4.1 Overview
8.4.2 Biofuel: Tallow Market - Revenue and Forecast to 2031 (US$ Million)
8.5 Animal Nutrition
8.5.1 Overview
8.5.2 Animal Nutrition: Tallow Market - Revenue and Forecast to 2031 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Tallow Market - Revenue and Forecast to 2031 (US$ Million)
9. Tallow Market - Geographical Analysis
9.1 Overview
9.2 North America
9.2.1 North America Tallow Market Overview
9.2.2 North America: Tallow Market - Revenue and Forecast to 2031 (US$ Million)
9.2.3 North America: Tallow Market Breakdown, by Source
9.2.3.1 North America: Tallow Market - Revenue and Forecast Analysis - by Source
9.2.4 North America: Tallow Market Breakdown, by End-Use Industry
9.2.4.1 North America: Tallow Market - Revenue and Forecast Analysis - by End-Use Industry
9.2.5 North America: Tallow Market - Revenue and Forecast Analysis - by Country
9.2.5.1 North America: Tallow Market - Revenue and Forecast Analysis - by Country
9.2.5.2 United States: Tallow Market - Revenue and Forecast to 2031 (US$ Million)
9.2.5.2.1 United States: Tallow Market Breakdown, by Source
9.2.5.2.2 United States: Tallow Market Breakdown, by End-Use Industry
9.2.5.3 Canada: Tallow Market - Revenue and Forecast to 2031 (US$ Million)
9.2.5.3.1 Canada: Tallow Market Breakdown, by Source
9.2.5.3.2 Canada: Tallow Market Breakdown, by End-Use Industry
9.2.5.4 Mexico: Tallow Market - Revenue and Forecast to 2031 (US$ Million)
9.2.5.4.1 Mexico: Tallow Market Breakdown, by Source
9.2.5.4.2 Mexico: Tallow Market Breakdown, by End-Use Industry
9.3 Europe
9.3.1 Europe Tallow Market Overview
9.3.2 Europe: Tallow Market - Revenue and Forecast to 2031 (US$ Million)
9.3.3 Europe: Tallow Market Breakdown, by Source
9.3.3.1 Europe: Tallow Market - Revenue and Forecast Analysis - by Source
9.3.4 Europe: Tallow Market Breakdown, by End-Use Industry
9.3.4.1 Europe: Tallow Market - Revenue and Forecast Analysis - by End-Use Industry
9.3.5 Europe: Tallow Market - Revenue and Forecast Analysis - by Country
9.3.5.1 Europe: Tallow Market - Revenue and Forecast Analysis - by Country
9.3.5.2 Germany: Tallow Market - Revenue and Forecast to 2031 (US$ Million)
9.3.5.2.1 Germany: Tallow Market Breakdown, by Source
9.3.5.2.2 Germany: Tallow Market Breakdown, by End-Use Industry
9.3.5.3 France: Tallow Market - Revenue and Forecast to 2031 (US$ Million)
9.3.5.3.1 France: Tallow Market Breakdown, by Source
9.3.5.3.2 France: Tallow Market Breakdown, by End-Use Industry
9.3.5.4 Italy: Tallow Market - Revenue and Forecast to 2031 (US$ Million)
9.3.5.4.1 Italy: Tallow Market Breakdown, by Source
9.3.5.4.2 Italy: Tallow Market Breakdown, by End-Use Industry
9.3.5.5 United Kingdom: Tallow Market - Revenue and Forecast to 2031 (US$ Million)
9.3.5.5.1 United Kingdom: Tallow Market Breakdown, by Source
9.3.5.5.2 United Kingdom: Tallow Market Breakdown, by End-Use Industry
9.3.5.6 Spain: Tallow Market - Revenue and Forecast to 2031 (US$ Million)
9.3.5.6.1 Spain: Tallow Market Breakdown, by Source
9.3.5.6.2 Spain: Tallow Market Breakdown, by End-Use Industry
9.3.5.7 Rest of Europe: Tallow Market - Revenue and Forecast to 2031 (US$ Million)
9.3.5.7.1 Rest of Europe: Tallow Market Breakdown, by Source
9.3.5.7.2 Rest of Europe: Tallow Market Breakdown, by End-Use Industry
9.4 Asia Pacific
9.4.1 Asia Pacific Tallow Market Overview
9.4.2 Asia Pacific: Tallow Market - Revenue and Forecast to 2031 (US$ Million)
9.4.3 Asia Pacific: Tallow Market Breakdown, by Source
9.4.3.1 Asia Pacific: Tallow Market - Revenue and Forecast Analysis - by Source
9.4.4 Asia Pacific: Tallow Market Breakdown, by End-Use Industry
9.4.4.1 Asia Pacific: Tallow Market - Revenue and Forecast Analysis - by End-Use Industry
9.4.5 Asia Pacific: Tallow Market - Revenue and Forecast Analysis - by Country
9.4.5.1 Asia Pacific: Tallow Market - Revenue and Forecast Analysis - by Country
9.4.5.2 China: Tallow Market - Revenue and Forecast to 2031 (US$ Million)
9.4.5.2.1 China: Tallow Market Breakdown, by Source
9.4.5.2.2 China: Tallow Market Breakdown, by End-Use Industry
9.4.5.3 Japan: Tallow Market - Revenue and Forecast to 2031 (US$ Million)
9.4.5.3.1 Japan: Tallow Market Breakdown, by Source
9.4.5.3.2 Japan: Tallow Market Breakdown, by End-Use Industry
9.4.5.4 India: Tallow Market - Revenue and Forecast to 2031 (US$ Million)
9.4.5.4.1 India: Tallow Market Breakdown, by Source
9.4.5.4.2 India: Tallow Market Breakdown, by End-Use Industry
9.4.5.5 Australia: Tallow Market - Revenue and Forecast to 2031 (US$ Million)
9.4.5.5.1 Australia: Tallow Market Breakdown, by Source
9.4.5.5.2 Australia: Tallow Market Breakdown, by End-Use Industry
9.4.5.6 South Korea: Tallow Market - Revenue and Forecast to 2031 (US$ Million)
9.4.5.6.1 South Korea: Tallow Market Breakdown, by Source
9.4.5.6.2 South Korea: Tallow Market Breakdown, by End-Use Industry
9.4.5.7 Rest of APAC: Tallow Market - Revenue and Forecast to 2031 (US$ Million)
9.4.5.7.1 Rest of APAC: Tallow Market Breakdown, by Source
9.4.5.7.2 Rest of APAC: Tallow Market Breakdown, by End-Use Industry
9.5 Middle East and Africa
9.5.1 Middle East and Africa Tallow Market Overview
9.5.2 Middle East and Africa: Tallow Market - Revenue and Forecast to 2031 (US$ Million)
9.5.3 Middle East and Africa: Tallow Market Breakdown, by Source
9.5.3.1 Middle East and Africa: Tallow Market - Revenue and Forecast Analysis - by Source
9.5.4 Middle East and Africa: Tallow Market Breakdown, by End-Use Industry
9.5.4.1 Middle East and Africa: Tallow Market - Revenue and Forecast Analysis - by End-Use Industry
9.5.5 Middle East and Africa: Tallow Market - Revenue and Forecast Analysis - by Country
9.5.5.1 Middle East and Africa: Tallow Market - Revenue and Forecast Analysis - by Country
9.5.5.2 South Africa: Tallow Market - Revenue and Forecast to 2031 (US$ Million)
9.5.5.2.1 South Africa: Tallow Market Breakdown, by Source
9.5.5.2.2 South Africa: Tallow Market Breakdown, by End-Use Industry
9.5.5.3 Saudi Arabia: Tallow Market - Revenue and Forecast to 2031 (US$ Million)
9.5.5.3.1 Saudi Arabia: Tallow Market Breakdown, by Source
9.5.5.3.2 Saudi Arabia: Tallow Market Breakdown, by End-Use Industry
9.5.5.4 United Arab Emirates: Tallow Market - Revenue and Forecast to 2031 (US$ Million)
9.5.5.4.1 United Arab Emirates: Tallow Market Breakdown, by Source
9.5.5.4.2 United Arab Emirates: Tallow Market Breakdown, by End-Use Industry
9.5.5.5 Rest of Middle East and Africa: Tallow Market - Revenue and Forecast to 2031 (US$ Million)
9.5.5.5.1 Rest of Middle East and Africa: Tallow Market Breakdown, by Source
9.5.5.5.2 Rest of Middle East and Africa: Tallow Market Breakdown, by End-Use Industry
9.6 South and Central America
9.6.1 South and Central America Tallow Market Overview
9.6.2 South and Central America: Tallow Market - Revenue and Forecast to 2031 (US$ Million)
9.6.3 South and Central America: Tallow Market Breakdown, by Source
9.6.3.1 South and Central America: Tallow Market - Revenue and Forecast Analysis - by Source
9.6.4 South and Central America: Tallow Market Breakdown, by End-Use Industry
9.6.4.1 South and Central America: Tallow Market - Revenue and Forecast Analysis - by End-Use Industry
9.6.5 South and Central America: Tallow Market - Revenue and Forecast Analysis - by Country
9.6.5.1 South and Central America: Tallow Market - Revenue and Forecast Analysis - by Country
9.6.5.2 Brazil: Tallow Market - Revenue and Forecast to 2031 (US$ Million)
9.6.5.2.1 Brazil: Tallow Market Breakdown, by Source
9.6.5.2.2 Brazil: Tallow Market Breakdown, by End-Use Industry
9.6.5.3 Argentina: Tallow Market - Revenue and Forecast to 2031 (US$ Million)
9.6.5.3.1 Argentina: Tallow Market Breakdown, by Source
9.6.5.3.2 Argentina: Tallow Market Breakdown, by End-Use Industry
9.6.5.4 Rest of South and Central America: Tallow Market - Revenue and Forecast to 2031 (US$ Million)
9.6.5.4.1 Rest of South and Central America: Tallow Market Breakdown, by Source
9.6.5.4.2 Rest of South and Central America: Tallow Market Breakdown, by End-Use Industry
10. Competitive Landscape
10.1 Heta Map Analysis
10.2 Company Positioning & Concentration
11. Company Profiles
11.1 Pridham Pty Ltd
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Minerva SA
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 NH Foods Australia Pty Ltd
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Sanimax ABP Inc
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Armour Lard
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Targray Technology International Inc.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Tassie Tallow
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Jacob Stern & Sons Inc
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Craig Mostyn Group
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 FASA Group
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
11.11 AGRI INTERNATIONAL
11.11.1 Key Facts
11.11.2 Business Description
11.11.3 Products and Services
11.11.4 Financial Overview
11.11.5 SWOT Analysis
11.11.6 Key Developments
11.12 BAKER COMMODITIES, INC.
11.12.1 Key Facts
11.12.2 Business Description
11.12.3 Products and Services
11.12.4 Financial Overview
11.12.5 SWOT Analysis
11.12.6 Key Developments
11.13 Cargill Inc
11.13.1 Key Facts
11.13.2 Business Description
11.13.3 Products and Services
11.13.4 Financial Overview
11.13.5 SWOT Analysis
11.13.6 Key Developments
11.14 Dalian Daping Oil Chemicals Co. Ltd
11.14.1 Key Facts
11.14.2 Business Description
11.14.3 Products and Services
11.14.4 Financial Overview
11.14.5 SWOT Analysis
11.14.6 Key Developments
11.15 ECSA Chemicals SA
11.15.1 Key Facts
11.15.2 Business Description
11.15.3 Products and Services
11.15.4 Financial Overview
11.15.5 SWOT Analysis
11.15.6 Key Developments
11.16 HRR Enterprises, Inc.
11.16.1 Key Facts
11.16.2 Business Description
11.16.3 Products and Services
11.16.4 Financial Overview
11.16.5 SWOT Analysis
11.16.6 Key Developments
11.17 KRV Ya? ve Kemik San Tic. A.?.
11.17.1 Key Facts
11.17.2 Business Description
11.17.3 Products and Services
11.17.4 Financial Overview
11.17.5 SWOT Analysis
11.17.6 Key Developments
11.18 Leo Group Ltd
11.18.1 Key Facts
11.18.2 Business Description
11.18.3 Products and Services
11.18.4 Financial Overview
11.18.5 SWOT Analysis
11.18.6 Key Developments
11.19 Maine Tallow Company
11.19.1 Key Facts
11.19.2 Business Description
11.19.3 Products and Services
11.19.4 Financial Overview
11.19.5 SWOT Analysis
11.19.6 Key Developments
11.20 MINI CAM AGRO INDUSTRIAL & CONSTRUCTION COMPANY LIMITED
11.20.1 Key Facts
11.20.2 Business Description
11.20.3 Products and Services
11.20.4 Financial Overview
11.20.5 SWOT Analysis
11.20.6 Key Developments
12. Appendix
12.1 About the Publisher

Companies Mentioned

  • AGRI INTERNATIONAL
  • BAKER COMMODITIES, INC.
  • Cargill, Incorporated
  • Dalian Daping Oil Chemicals Co. Ltd
  • ECSA Chemicals SA
  • Leo Group Ltd
  • Maine Tallow Company
  • Minerva SA
  • NH Foods Australia Pty Ltd
  • Craig Mostyn Group

Table Information