Global Tallow Market is valued at approximately USD 8.21 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 6.53% over the forecast period 2023-2030. Tallow is a rendered form of animal fat, usually obtained from cattle. It has been used for various purposes throughout history, including in food products, industrial applications, and as a source of biofuel. The tallow market can be influenced by factors such as cattle production, consumer preferences for alternative fats and oils, global trade dynamics, and shifts in industrial demand. Consumer preferences for healthier fats and oils, environmental concerns, and evolving regulations are some of the trends that are driving the tallow market.
The market for tallow is expanding primarily as a result of factors including increased meat consumption and expanding use of tallow in the pharmaceutical and cosmetic industries. Demand for meat and meat-related products is rising. Increased production levels in the meat sector as a result of this tendency have increased the byproduct supply of tallow. As per FAO, 360 million tons (in carcass weight equivalent) of meat were produced globally in 2022, an increase of 1.2 % from 2021. The expansion is largely due to increased production in South America and Asia, particularly China, where pig meat is produced in greater quantities than anywhere else. Production elsewhere has been rather stable, and declines in Europe are likely to counteract much of the expansion. The market demand for and application of tallow in many industries might be impacted by its accessibility from facilities that prepare meat. Another important aspect boosting product demand is the growth of industrial meat processing plants. However, Alternatives to tallow, such as vegetable-based oils and fats stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Tallow Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Regionally, the Asia Pacific has a commanding revenue share in 2022 and is also the fastest growing region. In the creation of soaps, detergents, and other personal care items, tallow is frequently used as an ingredient. The demand for tallow is being driven by the expansion of the personal care sector in Asia and the Pacific. Tallow is also a more affordable ingredient than some of the substitutes used to make soap and detergent. Manufacturers can find it to be an easily available and reasonably priced alternative because it is a byproduct of the meat industry, particularly in areas with a robust cattle industry.
Major market player included in this report are:
Saria SE & Co. KG
Ajinomoto Co. Inc
Vantage Specialty Chemicals
Jacob Stern & Sons Inc
Australian Tallow Producers
Parchem Fine & Specialty Chemicals
Baker Commodities Inc.
Cailà & Parés
Recent Developments in the Market:
Ø In 2020, Cargill, Incorporated, a US-based company, announced that it would build a new tallow processing plant in China. The plant is expected to be operational by 2022 and canhave a capacity of 50,000 tons per year.
Global Tallow Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Animal Source, Application, Distribution Channel, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Animal Source:
Food & Beverage
Personal Care & Cosmetics
By Distribution Channel:
Middle East & Africa
Rest of Middle East & Africa