Tallow Oil Market By Application (Animal Feed, Cosmetics and Personal Care Industry, Food & Beverages Industry, Biodiesel, and Others), By Distribution Channel (B2B, and B2C), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Trends, Analysis and Forecast till 2034

Report Code: PMI523024 | Publish Date: June 2024 | No. of Pages: 180

Tallow Oil Market Overview

Tallow Oil Market was valued at US$ 8.76 Billion in 2024 and is projected to grow at a CAGR of 6.7% to reach US$ 15.76 Billion by 2034.

Tallow oil, also known as animal fat or rendered fat, is a type of fat derived from the fatty tissue of animals, mainly cattle and sheep. It has been used for centuries in various applications, from cooking to industrial uses. In recent years, it has also found a foothold in producing biodiesel, soap and cosmetics. Animal fats are often used for frying and baking due to their high smoke point and stable composition. It imparts a distinct flavour to food. It is used in the production of shortening and margarine as a substitute for vegetable oil. Oil is used to condition and waterproof leather products, maintaining their flexibility and durability.

Animal fats and oils are increasingly used as raw materials for biodiesel production. This is a renewable resource that can help reduce dependence on fossil fuels. Animal fats and oils are versatile and historically important products with applications ranging from cooking and cosmetics to industrial use and biofuel production. While it offers several benefits, including nutritional value and high cooking stability, it also faces challenges related to health issues, ethical considerations and changes in consumer preferences. As markets and technology evolve, animal fats and oils continue to find new applications and remain an important product in many different industries.

Tallow Oil Market Share

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Tallow Oil Market Dynamics

Tallow Oil Market Driver:      

Rise in Industrial Applications:

  • The importance of tallow in various industries, including food, pharmaceutical, and cosmetics, is driving the market growth. Its wide range of applications, from cooking and food manufacturing to pharmaceutical and cosmetic product formulation, emphasizes its versatility. This diversity ensures sustainable demand, making tallow an important product in many industrial processes.
  • Animal fats and oils are important ingredients in manufacturing soaps and detergents due to their ability to create hard bars with stable foam. Its profitability and performance make it the preferred choice in the soap industry.
  • The use of animal fats and oils in cosmetics and personal care products is increasing due to their moisturizing properties and natural ingredients. They are used in creams, lotions, balms, and other skin care products aimed at consumers looking for natural ingredients.

Technological Advancements:

  • Advances in processing and refining technology have improved the quality and yield of animal fats and oils. These advances make it more competitive with other oils and fats, enhancing its appeal in the market.
  • Ongoing research and development is yielding new applications for animal fats and oils, including in pharmaceuticals, lubricants and other industrial uses. These innovations open up new market opportunities.

Increasing Consumer Preferences:

  • Consumer demand for natural, organic, and traditional products is increasing. Tallow, which is natural animal fat, is part of this trend, especially for consumers looking for alternatives to synthetic and processed ingredients. High.
  • Artisan and gourmet food producers often use animal fats and oils to create unique flavors and traditional recipes, driving demand in a niche market.

Restrains in the Tallow Oil Market:

  • Ethical and Environmental Concerns: The meat industry produces animal fats as a by-product, which are associated with significant environmental impacts such as greenhouse gas emissions, deforestation, and water consumption. These concerns can hurt the market. Concerns about the ethical treatment of animals and the use of animal by-products are essential factors hindering the animal fats market. Consumers increasingly prefer products that do not involve animal exploitation.
  •  Regulatory Challenges: Stringent regulations governing the processing and use of tallow can impose significant compliance costs on producers. These regulations are designed to ensure product safety but can also limit market flexibility. Regulations aimed at reducing the environmental impact of the livestock industry may also impact the production and supply of animal fats and oils. This includes policies on greenhouse gas emissions and waste management.

Key Opportunities in Tallow Oil Market:

  • Expansion in Personal Care and Cosmetics: The trend towards natural and organic personal care products is growing. Tallow is well-positioned to capitalize on this trend as a natural and effective moisturizer. It can be used in soaps, lotions, creams, and oils. The rich fatty acid composition of tallow makes it suitable for anti-aging skin care products that provide nourishment and hydration to the skin.
  • Increasing Collaborations and Partnerships: Engage in partnerships with government and non-government organizations that can support sustainable practices and promote the benefits of animal fats and oils. Collaboration with sectors such as renewable energy, personal care and food manufacturing could create synergies and open up new markets for animal fats and oils.

Tallow Oil Market Segmentation

Tallow Oil Market is segmented based on by Application, by Distribution Channel and Region.

Application Insight

  • Animal Feed-The Animal Feed market has seen significant growth in recent years, animal fats have a high energy content and contain essential fatty acids, making it a valuable ingredient in animal feed formulations. Animal fats and oils can improve feed palatability, encourage animals to consume their rations, and ensure adequate nutritional intake. Animal fats in feed formulations help balance diets by providing energy and essential fatty acids, contributing to the overall health and productivity of animals.
  • Cosmetics and Personal Care Industry—The cosmetics and personal care segment offers promising opportunities for animal fats and oils, especially in formulations where their moisturizing, conditioning, and skin barrier-strengthening properties can be effectively utilized. By satisfying regulatory, consumer, and formulation considerations, animal fats and oils can be valuable ingredients in a variety of cosmetics and personal care products.
  • Food & Beverages Industry- Animal fats and oils can be incorporated into functional food products to improve their nutritional composition. It provides a source of energy and essential fatty acids, suitable for fortified food and beverage formulations. Tallow is loved by gourmet chefs and cooking enthusiasts for its unique flavour and versatility. It can be used in specialty dishes such as artisan sausages, pâtés and terrines.
  • Biodiesel- Animal fats serve as a sustainable and renewable feedstock for biodiesel production. This can help reduce dependence on fossil fuels and minimize greenhouse gas emissions, thereby contributing to environmental sustainability. Biodiesel blends containing animal fats and oils can be used in existing diesel engines and infrastructure without the need for significant modifications. This compatibility facilitates the adoption of biodiesel as an alternative renewable fuel.
  • Others - Animal fats and oils can be incorporated into nutraceutical and dietary supplements as a source of essential fatty acids and fat-soluble vitamins. It provides nutritional support and may provide health benefits for a variety of conditions. Because of their antibacterial properties, animal fats and oils can be used in oral health care products such as mouthwash and toothpaste. It helps inhibit the growth of oral bacteria and can help maintain oral hygiene.

Distribution Channel Insights

  • B2B- This is the largest segment of the market. Animal fats and oils are used as raw materials or ingredients in various industrial sectors. It is used as a processing aid and plasticizer in rubber and tire manufacturing, thereby improving the workability and properties of rubber compounds. B2B distributors play an important role in facilitating the sourcing and distribution of animal fats and oils to industrial customers worldwide. Quality assurance, supply chain management, and customer relationships are essential for success in the B2B distribution channel segment.
  • B2C- This is the second largest end-use segment of the market. B2C distribution channels serve do-it-yourself (DIY) beauty and personal care enthusiasts who enjoy creating skin and hair care products at home. Tallow can be sold as a stand-alone ingredient for DIY recipes. Specialty stores and stores that focus on natural, handmade, or environmentally friendly products may offer animal fat products in their product catalog. B2C distribution channels in these stores target niche consumer segments with specific preferences.

Tallow Oil Market Regional Insights:

The tallow Oil Market is segmented by region into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

  • North America: North America holds a significant share in the global animal fats and oils market, driven by established processing facilities and strong demand from various end-use industries. Animal fats and oils have many applications in sectors such as food, cosmetics, pharmaceuticals and biodiesel production across the region.
  • Europe: Europe is experiencing growing demand for animal fats and oils, especially in the food and personal care sectors, driven by consumer preferences for natural and sustainable ingredients. The growing emphasis on environmental sustainability and animal welfare practices is influencing market trends and driving innovation in product formulations and processing techniques.
  • Asia Pacific: The Asia Pacific region offers lucrative opportunities for the growth of the animal fats market, driven by rapid industrialization, urbanization, and population growth. Growing demand for animal fats and oils in sectors such as food processing, cosmetics and biodiesel production is driving market expansion in countries in the Asia-Pacific region. Regional differences in livestock practices, processing technologies and regulatory frameworks impact supply chain dynamics and market competitiveness.
  • Latin America: Latin America benefits from abundant animal resources, creating a solid foundation for animal fat production and export-oriented markets. Animal fats and oils have a variety of applications in industries in Latin America, including food and feed, cosmetics, and industrial lubricants.
  • Middle East & Africa: The Middle East and Africa region is experiencing steady industrial growth, driving demand for animal fats and oils in chemical processing, lubricants, and personal care products. Investment in livestock farming and processing facilities is contributing to the expansion of the animal fat market in the region.

Tallow Oil Market Report Scope:

Attribute

Details

Market Size 2024

US$ 8.76 Billion

Projected Market Size 2034

US$ 15.76 Billion

CAGR Growth Rate

6.7%

Base year for estimation  

2023

Forecast period       

2024-2034

Market representation       

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Application- Animal Feed, Cosmetics and Personal Care Industry, Food & Beverages Industry, Biodiesel, Others, Analytics and Others

By Distribution Channel- B2B, and B2C

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Tallow Oil Market report based on By Product, By End-User and Region:

Tallow Oil Market, By Application:

  • Animal Feed
  • Cosmetics and Personal Care Industry
  • Food & Beverages Industry
  • Biodiesel
  • Others

Tallow Oil Market, By End-User:

  • B2B
  • B2C

Tallow Oil Market, By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Tallow Oil Market Key Players

The key players operating the Tallow Oil Market includes Saria SE & Co. KG, Cargill, Ajinomoto Co. Inc., Vantage Specialty Chemicals, Jacob Stern & Sons Inc., Australian Tallow Producers, Parchem, Baker Commodities Inc., Cailà & Parés, Lecico GmbH.

Tallow Oil Market Key Players

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Tallow Oil Market Key Issues Addressed

  • In October 2023, South Korean company SK Trading International, along with Korea Development Bank and Eugene Private Equity, acquired Daekyung O&T, ???the country's leading supplier of waste-based raw materials, with the aim of securing raw materials for sustainable aviation fuel.
  • In August 2023, Taranaki Bio Extracts launched Butler, a range of beef bone broths and extracts, including edible beef tallow, aimed at food manufacturers. The company makes beef bone broth using pressure cooking to release oils and proteins from the bones success as the company’s product offerings evolve to suit the specific needs of the Australian legal market.

Tallow Oil Market Company Profile

  • Saria SE & Co. KG
    •  Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategy Overview
  • Cargill
  • Ajinomoto Co. Inc
  • Vantage Specialty Chemicals
  • Jacob Stern & Sons Inc
  • Australian Tallow Producers
  • Parchem
  • Baker Commodities Inc.
  • Cailà & Parés
  • Lecico GmbH

“*” marked represents similar segmentation in other categories in the respective section.

Tallow Oil Market Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings—Global Outlook for Legal Technology Strategies
    • Key Questions this Study Will Answer
    • Market Snippet, By Application
    • Market Snippet, By Distribution Channel
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

Market Segmentation, By Application, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Animal Feed
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Cosmetics and Personal Care Industry
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Food & Beverages Industry
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Biodiesel
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Distribution Channel, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • B2B
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • B2C
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Distribution Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Distribution Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Distribution Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Distribution Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • Brazil
      • Mexico
      • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Distribution Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • GCC
      • Israel
      • South Africa
      • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles

  • Saria SE & Co. KG
  • Cargill
  • Ajinomoto Co. Inc
  • Vantage Specialty Chemicals
  • Jacob Stern & Sons Inc
  • Australian Tallow Producers
  • Parchem
  • Baker Commodities Inc.
  • Cailà & Parés
  • Lecico GmbH

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

Tallow Oil Market was valued at US$ 8.76 billion in 2024 and is projected to grow at a CAGR of 6.7% to reach US$ 15.76 billion by 2034

Tallow Oil Market is segmented into on the basis of application, and distribution channel.

Factors driving the Tallow Oil Market include the rise in industrial applications, technology advancement and increasing consumer preferences

Restraints of the Tallow Oil Market include ethical and environmental concerns and regulatory challenges as a market restraining factor.

The target market is segmented by region into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The North American market is estimated to witness a significantly high revenue share over the forecast period.

The key players operating the target market includes Saria SE & Co. KG, Cargill, Ajinomoto Co. Inc., Vantage Specialty Chemicals, Jacob Stern & Sons Inc., Australian Tallow Producers, Parchem, Baker Commodities Inc., Cailà & Parés, Lecico GmbH