$5190
$4152
The tallow market size is projected to reach US$ 11.41 billion by 2031 from US$ 7.65 billion in 2023. The market is expected to register a CAGR of 5.1% during 2023–2031. The increasing preference for beauty products made from natural ingredients is likely to emerge as a key trend in the market during the forecast period.
Tallow Market Analysis
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. Tallow, produced from animal fats, is a productive and long-lasting feedstock for manufacturing biofuels such as biodiesel. Its usage in biodiesel results in lower carbon emissions compared to regular diesel. Thus, rising demand and production of biofuel are expected to create opportunities for the tallow market during the forecast period.
Tallow Market Overview
Tallow is a rendered fat obtained from beef, sheep, camels, horses, buffaloes, lambs, and other animals. It is widely used in food, lubricants, chemicals, biofuel, soaps & detergents, animal feed, and pet food industries. There are different types of tallow such as edible tallow, inedible tallow, and technical tallow. Edible tallow is derived by cooking edible portions of bovine and lamb meat carcasses and is widely used in the food & beverage and animal nutrition industries. Inedible tallow is obtained by rendering the fat from inedible meat wastes. It is used in various non-food applications such as soap making, candles, biofuels, lubricants, and animal feed. Tallow is one of the significant byproducts of the meat processing industry with a wide range of applications across various end-use industries. This factor significantly drives the global tallow market growth.
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Tallow Market: Strategic Insights
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Tallow Market: Strategic Insights
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Tallow Market Drivers and Opportunities
Increasing Use of Tallow for Animal Nutrition
Tallow is extensively used as an animal feed and pet food ingredient. The primary benefit of using fats in animal diets is their energy contribution. Fats provide the most concentrated energy of all food/feed materials, containing about 37 kJ of energy per gram. Tallow is typically pressed into cakes and used for animal feed, especially for dogs and hogs, or as fish bait. In tallow, less than 3% of free fatty acids are present. Its triglyceride structure is robust against oxidative rancidity because of its increased amount of saturated fatty acids. Therefore, it is safe to add to poultry meals at a level of 3–4%. It is a helpful feed ingredient for poultry in the summer when they require a quick supply of energy in the form of fats to prevent heat stress and the birds' consequent death. It is also beneficial in treating ascites in birds, particularly during the winter. Thus, tallow is significantly used as a poultry feed ingredient.
Polyunsaturated fatty acids called essential fatty acids (EFA) need to be included in the diet of pets since their bodies are unable to synthesize these vital nutrients. Pet adoption is significantly increasing worldwide. Thus, the rising adoption of pets across the world and increasing awareness about pet health among pet owners boost the demand for pet food, which propels the requirement for animal fat such as tallow.
Surging Demand for Biofuel
The limited availability of fossil fuel-based resources, rising awareness about curbing carbon emissions, increasing need for cleaner fuel, and stringent government regulations on the desulfurization of petroleum products are expected to propel the demand for biofuel. Biofuels reduce reliance on fossil fuels and decrease greenhouse gas emissions. As the feedstock material used to produce biofuels can be regenerated more quickly than conventional fossil fuels, they are considered renewable.
Tallow, produced from animal fats, is a productive and long-lasting feedstock for manufacturing biofuels such as biodiesel. Its usage in biodiesel results in lower carbon emissions compared to regular diesel. According to the North America Renderers Association (NARA), in 2020, the US imported 351,300 mt rendered fat, a jump of 13 % from 2019. These imports are fueled by demand from the renewable fuel sector, including renewable diesel, biodiesel, and co-processed diesel.
Tallow Market Report Segmentation Analysis
Key segments that contributed to the derivation of the tallow market analysis are source and end-use industry.
- Based on source, the tallow market is segmented into beef, sheep, and others. The beef segment held the largest market share in 2023.
- By end-use industry, the tallow market is segmented into food & beverages, personal care & cosmetics, lubricants, biofuel, animal nutrition, and others. The biofuel segment held the largest share of the market in 2023.
Tallow Market Share Analysis by Geography
The geographic scope of the tallow market report is mainly divided into five regions: North America, Asia Pacific, Europe, the Middle East & Africa, and South & Central America.
North America held a significant market share in 2023. North America is one of the prominent regions for the tallow market due to its increasing demand among various industries such as fuel, cosmetics & personal care, food & beverages, and lubricants. The demand for biodiesel is increasing across the region due to the upsurging adoption of environment-friendly practices because of global warming, growing carbon footprint, and other environmental impacts caused by the combustion of traditional fuels.
Moreover, according to the Environment and Energy Study Institute, CO2 accounts for ∼70% of total aircraft emissions. Thus, the demand for biodiesel across the aviation industry is growing, as it helps reduce the carbon footprint compared to the other industries. Thus, the increasing use of tallows in biodiesel production drives the tallow market growth in North America.
According to the report published by the US Department of Agriculture's National Agricultural Statistics Service (NASS), as of March 2024, there were 74.6 million hogs and pigs on the US farms, up 1% from March 2023. The growing livestock industry in the region boosts the demand for animal feed ingredients such as tallow. Tallow is considered a nutrient for animal feed that is high in energy. Tallow added to the poultry feed can assist in increasing the birds' energy levels and reducing dustiness in their diet.
Tallow Market Report Scope
Tallow Market News and Recent Developments
The tallow market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A key recent development in the tallow market is mentioned below:
- Darling International Inc. completed its acquisition of VION Ingredients, a division of VION Holding NV (a member of the VION Food Group), for ∼USD 1.7 billion in cash. (Source: Darling International Inc, Company Website, January 2024)
Tallow Market Report Coverage and Deliverables
The "Tallow Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Tallow market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Tallow market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed Porter's Five Forces and SWOT analysis
- Tallow market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the tallow market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The wide application scope of tallow and the surging use of tallow in the animal nutrition industry are major factors contributing to the market growth.
The market size is projected to reach US$ 11.41 million by 2031.
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 Lt are a few of the key players operating in the market.
The increasing preference for beauty products made from natural ingredients is likely to emerge as a key trend in the market in the future.
North America accounted for the largest share of the market in 2023.
1. Introduction
1.1 The Insight Partners Research 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 Insight Partners
List of Tables
Table 1. Tallow Market Segmentation
Table 2. List of Vendors
Table 3. Tallow Market – Revenue and Forecast to 2031 (US$ Million)
Table 4. Tallow Market – Revenue and Forecast to 2031 (US$ Million) – by Source
Table 5. Tallow Market – Revenue and Forecast to 2031 (US$ Million) – by End-Use Industry
Table 6. North America: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by Source
Table 7. North America: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by End-Use Industry
Table 8. North America: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 9. United States: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by Source
Table 10. United States: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by End-Use Industry
Table 11. Canada: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by Source
Table 12. Canada: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by End-Use Industry
Table 13. Mexico: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by Source
Table 14. Mexico: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by End-Use Industry
Table 15. Europe: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by Source
Table 16. Europe: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by End-Use Industry
Table 17. Europe: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 18. Germany: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by Source
Table 19. Germany: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by End-Use Industry
Table 20. France: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by Source
Table 21. France: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by End-Use Industry
Table 22. Italy: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by Source
Table 23. Italy: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by End-Use Industry
Table 24. United Kingdom: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by Source
Table 25. United Kingdom: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by End-Use Industry
Table 26. Spain: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by Source
Table 27. Spain: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by End-Use Industry
Table 28. Rest of Europe: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by Source
Table 29. Rest of Europe: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by End-Use Industry
Table 30. Asia Pacific: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by Source
Table 31. Asia Pacific: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by End-Use Industry
Table 32. Asia Pacific: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 33. China: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by Source
Table 34. China: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by End-Use Industry
Table 35. Japan: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by Source
Table 36. Japan: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by End-Use Industry
Table 37. India: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by Source
Table 38. India: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by End-Use Industry
Table 39. Australia: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by Source
Table 40. Australia: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by End-Use Industry
Table 41. South Korea: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by Source
Table 42. South Korea: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by End-Use Industry
Table 43. Rest of APAC: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by Source
Table 44. Rest of APAC: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by End-Use Industry
Table 45. Middle East and Africa: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by Source
Table 46. Middle East and Africa: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by End-Use Industry
Table 47. Middle East and Africa: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 48. South Africa: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by Source
Table 49. South Africa: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by End-Use Industry
Table 50. Saudi Arabia: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by Source
Table 51. Saudi Arabia: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by End-Use Industry
Table 52. United Arab Emirates: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by Source
Table 53. United Arab Emirates: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by End-Use Industry
Table 54. Rest of Middle East and Africa: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by Source
Table 55. Rest of Middle East and Africa: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by End-Use Industry
Table 56. South and Central America: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by Source
Table 57. South and Central America: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by End-Use Industry
Table 58. South and Central America: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 59. Brazil: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by Source
Table 60. Brazil: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by End-Use Industry
Table 61. Argentina: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by Source
Table 62. Argentina: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by End-Use Industry
Table 63. Rest of South and Central America: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by Source
Table 64. Rest of South and Central America: Tallow Market – Revenue and Forecast to 2031(US$ Million) – by End-Use Industry
List of Figures
Figure 1. Tallow Market Segmentation, by Geography
Figure 2. Porter’s Five Forces Analysis
Figure 3. Ecosystem Analysis
Figure 4. Biofuel Production by Region [Measured in Terawatt-Hours (TWh) per Year]
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. Tallow Market Revenue (US$ Million), 2021–2031
Figure 7. Tallow Market Share (%) – by Source (2023 and 2031)
Figure 8. Beef: Tallow Market – Revenue and Forecast to 2031 (US$ Million)
Figure 9. Sheep: Tallow Market – Revenue and Forecast to 2031 (US$ Million)
Figure 10. Others: Tallow Market – Revenue and Forecast to 2031 (US$ Million)
Figure 11. Tallow Market Share (%) – by End-Use Industry (2023 and 2031)
Figure 12. Food and Beverages: Tallow Market – Revenue and Forecast to 2031 (US$ Million)
Figure 13. Personal Care and Cosmetics: Tallow Market – Revenue and Forecast to 2031 (US$ Million)
Figure 14. Lubricants: Tallow Market – Revenue and Forecast to 2031 (US$ Million)
Figure 15. Biofuel: Tallow Market – Revenue and Forecast to 2031 (US$ Million)
Figure 16. Animal Nutrition: Tallow Market – Revenue and Forecast to 2031 (US$ Million)
Figure 17. Others: Tallow Market – Revenue and Forecast to 2031 (US$ Million)
Figure 18. Tallow Market Breakdown by Region, 2023 and 2031 (%)
Figure 19. North America: Tallow Market – Revenue and Forecast to 2031(US$ Million)
Figure 20. North America: Tallow Market Breakdown, by Source (2023 and 2031)
Figure 21. North America: Tallow Market Breakdown, by End-Use Industry (2023 and 2031)
Figure 22. North America: Tallow Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 23. United States: Tallow Market – Revenue and Forecast to 2031(US$ Million)
Figure 24. Canada: Tallow Market – Revenue and Forecast to 2031(US$ Million)
Figure 25. Mexico: Tallow Market – Revenue and Forecast to 2031(US$ Million)
Figure 26. Europe: Tallow Market – Revenue and Forecast to 2031(US$ Million)
Figure 27. Europe: Tallow Market Breakdown, by Source (2023 and 2031)
Figure 28. Europe: Tallow Market Breakdown, by End-Use Industry (2023 and 2031)
Figure 29. Europe: Tallow Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 30. Germany: Tallow Market – Revenue and Forecast to 2031(US$ Million)
Figure 31. France: Tallow Market – Revenue and Forecast to 2031(US$ Million)
Figure 32. Italy: Tallow Market – Revenue and Forecast to 2031(US$ Million)
Figure 33. United Kingdom: Tallow Market – Revenue and Forecast to 2031(US$ Million)
Figure 34. Spain: Tallow Market – Revenue and Forecast to 2031(US$ Million)
Figure 35. Rest of Europe: Tallow Market – Revenue and Forecast to 2031(US$ Million)
Figure 36. Asia Pacific: Tallow Market – Revenue and Forecast to 2031(US$ Million)
Figure 37. Asia Pacific: Tallow Market Breakdown, by Source (2023 and 2031)
Figure 38. Asia Pacific: Tallow Market Breakdown, by End-Use Industry (2023 and 2031)
Figure 39. Asia Pacific: Tallow Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 40. China: Tallow Market – Revenue and Forecast to 2031(US$ Million)
Figure 41. Japan: Tallow Market – Revenue and Forecast to 2031(US$ Million)
Figure 42. India: Tallow Market – Revenue and Forecast to 2031(US$ Million)
Figure 43. Australia: Tallow Market – Revenue and Forecast to 2031(US$ Million)
Figure 44. South Korea: Tallow Market – Revenue and Forecast to 2031(US$ Million)
Figure 45. Rest of APAC: Tallow Market – Revenue and Forecast to 2031(US$ Million)
Figure 46. Middle East and Africa: Tallow Market – Revenue and Forecast to 2031(US$ Million)
Figure 47. Middle East and Africa: Tallow Market Breakdown, by Source (2023 and 2031)
Figure 48. Middle East and Africa: Tallow Market Breakdown, by End-Use Industry (2023 and 2031)
Figure 49. Middle East and Africa: Tallow Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 50. South Africa: Tallow Market – Revenue and Forecast to 2031(US$ Million)
Figure 51. Saudi Arabia: Tallow Market – Revenue and Forecast to 2031(US$ Million)
Figure 52. United Arab Emirates: Tallow Market – Revenue and Forecast to 2031(US$ Million)
Figure 53. Rest of Middle East and Africa: Tallow Market – Revenue and Forecast to 2031(US$ Million)
Figure 54. South and Central America: Tallow Market – Revenue and Forecast to 2031(US$ Million)
Figure 55. South and Central America: Tallow Market Breakdown, by Source (2023 and 2031)
Figure 56. South and Central America: Tallow Market Breakdown, by End-Use Industry (2023 and 2031)
Figure 57. South and Central America: Tallow Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 58. Brazil: Tallow Market – Revenue and Forecast to 2031(US$ Million)
Figure 59. Argentina: Tallow Market – Revenue and Forecast to 2031(US$ Million)
Figure 60. Rest of South and Central America: Tallow Market – Revenue and Forecast to 2031(US$ Million)
Figure 61. Heat Map Analysis
Figure 62. Company Positioning & Concentration
The List of Companies - Tallow Market
- 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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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