Tallow Market is expected to reach US$ 11.41 Billion by 2031

Wide Application Scope of Tallow Bolsters Tallow Market Growth

According to our latest study on “Tallow Market Size and Forecast (2021–2031), Global and Regional Growth Opportunity Analysis – by Source and End-Use Industry,” the market size is expected to grow from 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. The report highlights key factors driving the market growth and prominent players along with their developments in the market. Apart from growth drivers, the report covers the tallow market trends and their foreseeable impact during the forecast period.

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 Market Breakdown – by Region

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.

Tallow is considered as productive and long-lasting feedstock for the manufacturing of biodiesel. Compared to regular diesel, its usage in biodiesel results in reduced carbon emissions. Thus, tallow is significantly used for biofuel production. Moreover, fatty acid content in tallow makes it an effective lubricant, preventing surface friction and wear & tear. It acts as a sustainable alternative to synthetic lubricants used in the wood, metal, and leather industries due to its eco-friendly and biodegradable properties.

Thus, wide application scope of tallow in various industrial application such as food & beverages, animal feed, cosmetic & personal care, lubrication, home care products, and biofuel drives the tallow market growth.

Vegetable cooking oils such as plan oil, soybean oil, rapeseed oil, and sunflower oil and other animal-derived fats such as lard are among the major alternatives available in the tallow market, which can lower the demand for tallow. Consumers across the world are adopting a vegetarian or vegan lifestyle owing to increasing health concerns, animal welfare, and growing care for animals among the population. Moreover, biodiesel production from waste cooking oil (obtained from the foodservice sector) is environmentally friendly because it recycles waste cooking oil, as well as gives renewable energy with lower pollution. Also, it substitutes some amount of petrochemical oil import and lowers the cost of waste management. Biodiesel production from waste cooking oil has three solutions those are economic, environmental, and waste management. Thus, the preference for alternatives available in the market hampers the tallow market growth.

The tallow market analysis has been performed by considering the following segments: source and end-use industry. In terms of source, the market is segmented into beef, sheep, and others. The beef segment held a significant tallow market share in 2023. Beef is one of the significant sources of fat. According to the United States Department of Agriculture (USDA), 100 grams of beef consist of 11.8 gram of fat. Beef tallow is an important byproduct of the meat processing industry. Additionally, beef tallow is widely used in frying, roasting, sauteing, and baking owing to its high smoke point of about 420°F and long shelf life, which reduces the need for multiple oils and fats in the kitchen. Tallow from grass-fed cows is being used by the food & beverage industries because of growing awareness of its health benefits. A powerful combination of fat-soluble vitamins A, D, E, and K can be found in beef tallow derived from organic, grass-fed, antibiotic-free, and ethically maintained cows. These vitamins are essential for maintaining healthy bones, immune system, and the defense against free radicals, among other body processes. This factor is significantly driving the demand for tallow sourced from beef.

In terms of revenue, North America dominated the tallow market share in 2023. The US is one of the largest markets for tallow as the country has a significant presence of application industries such as biofuel, animal feed, and food & beverages. Edible animal fat in the US can be rendered only in food-grade plants under inspection by the US Department of Agriculture (USDA). However, the production of inedible animal fat does not involve supervision from USDA. The US is the major producer and consumer of biofuel, such as biodiesel, in the North American market. Australia and Canada are the biggest suppliers of tallow to the US. The demand for biodiesel is high due to carbon emissions and environmental damage concerns. Moreover, the United States Air Force has experimented successfully using beef tallow in aviation biofuels. Thus, the growing aviation industry in the US contributes to the growing demand for tallow.

The tallow market forecast can help stakeholders plan their growth strategies. 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 are among the prominent players profiled in the tallow market report. These market players are focusing on providing high-quality products to fulfill customer demand. They are also adopting strategies such as new product launches, capacity expansions, partnerships, and collaborations to stay competitive in the market.

The tallow market is segmented on the basis of source, end-use industry, and geography. Based on source, the market is segmented into beef, sheep, and others. In terms of end-use industry, the market is segmented into food and beverages, personal care and cosmetics, lubricants, biofuel, animal nutrition, and others. The geographic scope of the tallow market report focuses on North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The North America market is further segmented into the US, Canada, and Mexico. The market in Europe is subsegmented into Germany, France, the UK, Italy, Spain, and the Rest of Europe. The Asia Pacific market is further segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The tallow market in the Middle East & Africa is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The market in South & Central America is further segmented into Brazil, Argentina, and the Rest of South & Central America.

Contact Us
 
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com