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At a CAGR of 7.6% between 2023 and 2030, the global tallow market is forecast to expand from its 2022 valuation of $8.11 billion.
The increasing demand for meat products, as well as the expanding applications of tallow in the pharmaceutical and cosmetics sectors, are important forces propelling the expansion of the tallow market. Meat and meat products are in higher demand. As a result of this pattern, the meat processing industry is currently producing more than ever, which has increased the availability of tallow. Tallow's market demand and industrial application can be affected by the quantity of tallow available from meat processing plants. Another important aspect that is driving product demand is the growing number of industrial meat processing plants.
These processing plants deal with a lot of dead animals and produce a lot of fat waste. Tallow is a valuable and flexible component that has several applications, including in industry and as animal feed. Tallow is also used in the creation of a wide range of skincare and beauty products. It's great for keeping skin hydrated and nourished because to its natural emollient and hydrating characteristics. Tallow's ability to moisturize and protect the skin is due to its natural fatty acid makeup, which is similar to that of the skin's lipid barrier. Remnant Beauty, established in the United Kingdom, is a skincare brand that sells a night cream and a tallow balm moisturizer made from lard.
In 2022, 46.8% of all revenue came from the cattle/bovine market. Tallow derived from cattle and other bovine sources is readily available, which is a major reason in the industry's expansion. In areas where beef and mutton consumption and production are common, beef tallow may be a more economically viable option because to its widespread availability. Synergy, a maker of flavors and ingredients, has an extensive selection of beef flavors.
In terms of revenue, the food and beverage industry accounted for 34.01% of the total in 2022. The demand in this market is being fueled by factors like improved shelf life and excellent preservation qualities. Tallow has been investigated as a possible replacement for partially hydrogenated oils, which are a major source of trans fats due to their processing method. Tallow can be used as a healthy alternative to hydrogenated fats in the food industry due to its functional characteristics and lack of adverse health effects.
In 2022, 45.1% of the regional revenue came from Asia and the Pacific. Tallow is frequently used in the manufacturing of cleaning supplies including soaps and detergents. Tallow demand is being fueled by the expanding cosmetics market in Asia and the Pacific. As an added bonus, tallow is a more budget-friendly soap and detergent ingredient than some other alternatives. In areas with a robust livestock business, it can be a cheap and accessible choice for manufacturers due to its status as a byproduct of the meat industry.
Report Coverage
Global Tallow research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Tallow report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Tallow competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Tallow market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Tallow market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Tallow market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Saria SE & Co. KG, Darling Ingredients, Cargill, Ajinomoto Co. Inc, Vantage Specialty Chemicals, Jacob Stern & Sons Inc, Australian Tallow Producers, Parchem, Baker Commodities Inc., Cailà & Parés
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Tallow market based on the below-mentioned segments:
Global Tallow Market, By Animal Source
Cattle/Bovine
Sheep/Goat
Pig
Others
Global Tallow market, By Application
Food & Beverage
Animal/Pet Feed
Pharma, Personal Care & Cosmetics
Others
Global Tallow Market, By Distribution Channel
B2B
B2C
Global Tallow market, Regional Analysis
The increasing demand for meat products, as well as the expanding applications of tallow in the pharmaceutical and cosmetics sectors, are important forces propelling the expansion of the tallow market. Meat and meat products are in higher demand. As a result of this pattern, the meat processing industry is currently producing more than ever, which has increased the availability of tallow. Tallow's market demand and industrial application can be affected by the quantity of tallow available from meat processing plants. Another important aspect that is driving product demand is the growing number of industrial meat processing plants.
These processing plants deal with a lot of dead animals and produce a lot of fat waste. Tallow is a valuable and flexible component that has several applications, including in industry and as animal feed. Tallow is also used in the creation of a wide range of skincare and beauty products. It's great for keeping skin hydrated and nourished because to its natural emollient and hydrating characteristics. Tallow's ability to moisturize and protect the skin is due to its natural fatty acid makeup, which is similar to that of the skin's lipid barrier. Remnant Beauty, established in the United Kingdom, is a skincare brand that sells a night cream and a tallow balm moisturizer made from lard.
In 2022, 46.8% of all revenue came from the cattle/bovine market. Tallow derived from cattle and other bovine sources is readily available, which is a major reason in the industry's expansion. In areas where beef and mutton consumption and production are common, beef tallow may be a more economically viable option because to its widespread availability. Synergy, a maker of flavors and ingredients, has an extensive selection of beef flavors.
In terms of revenue, the food and beverage industry accounted for 34.01% of the total in 2022. The demand in this market is being fueled by factors like improved shelf life and excellent preservation qualities. Tallow has been investigated as a possible replacement for partially hydrogenated oils, which are a major source of trans fats due to their processing method. Tallow can be used as a healthy alternative to hydrogenated fats in the food industry due to its functional characteristics and lack of adverse health effects.
In 2022, 45.1% of the regional revenue came from Asia and the Pacific. Tallow is frequently used in the manufacturing of cleaning supplies including soaps and detergents. Tallow demand is being fueled by the expanding cosmetics market in Asia and the Pacific. As an added bonus, tallow is a more budget-friendly soap and detergent ingredient than some other alternatives. In areas with a robust livestock business, it can be a cheap and accessible choice for manufacturers due to its status as a byproduct of the meat industry.
Report Coverage
Global Tallow research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Tallow report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Tallow competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Tallow market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Saria SE & Co. KG, Darling Ingredients, Cargill, Ajinomoto Co. Inc, Vantage Specialty Chemicals, Jacob Stern & Sons Inc, Australian Tallow Producers, Parchem, Baker Commodities Inc., Cailà & Parés |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Tallow Market from 2021 to 2030.
- Market Forecast for Tallow Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Tallow competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Tallow
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Tallow market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Tallow market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Saria SE & Co. KG, Darling Ingredients, Cargill, Ajinomoto Co. Inc, Vantage Specialty Chemicals, Jacob Stern & Sons Inc, Australian Tallow Producers, Parchem, Baker Commodities Inc., Cailà & Parés
Primary Target Market
- Market Players of Tallow
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Tallow market based on the below-mentioned segments:
Global Tallow Market, By Animal Source
Cattle/Bovine
Sheep/Goat
Pig
Others
Global Tallow market, By Application
Food & Beverage
Animal/Pet Feed
Pharma, Personal Care & Cosmetics
Others
Global Tallow Market, By Distribution Channel
B2B
B2C
Global Tallow market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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