North America and Japan Tallow Market Size By Type (Solid, Liquid), By Application (Food & Beverages, Cosmetics and Personal Care, Animal Feed, Biodiesel), By Geographic Scope And Forecast
Published on: 2024-08-03 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
North America and Japan Tallow Market Size By Type (Solid, Liquid), By Application (Food & Beverages, Cosmetics and Personal Care, Animal Feed, Biodiesel), By Geographic Scope And Forecast
North America & Japan Tallow Market Size And Forecast
North America & Japan Tallow Market size was valued at USD 40,605.11 Million in 2021 and is projected to reach USD 67,945.95 Million by 2030, growing at a CAGR of 6.20% from 2023 to 2030.
The growing use of tallow in food and beverages driving the growth of the North America & Japan Tallow Market. Additionally, the growing use of tallow in biodiesel production fuels the growth of the market. The North America & Japan Tallow Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
North America & Japan Tallow Market Definition
Tallow is a melted form of fat, commonly mutton or beef. The beet fat is melted in around 50 degrees Celsius to make tallow products in the market. However, tallow remains solid at room temperature. Tallow looks like coconut oil colored fat available in both solid and liquid form. Tallow is a rich source of fat and contains small amount of vitamin E, and D. Tallow products are widely used in cooking and baking due to its delicious taste, and good flavor. Moreover, tallow is heat-stable and is resistant to oxidation owing to its good oxidative stability.
Also, as tallow contains very less amount of polyunsaturated fats, this makes it very heat stable for cooking purpose. Since tallow has great stability, it can be stored without refrigeration for a long time. The aforementioned factors, are is expected to drive the demand for tallow products in the forecasted period.
North America & Japan Tallow Market Overview
The growing use of tallow in food and beverages driving the growth of the North America & Japan Tallow Market. Tallow is a type of animal fat that has potential uses in cooking. It can be used for deep frying, shallow frying, grilling, poaching, baking, and the rest others. As compared to vegetable oils such as canola oil, sunflower oil, soybean oil, and peanut oil, amongst others, tallow has become a potential medium for frying. Tallow possesses the highest smoke point as compared to other frying media. Additionally, the growing use of tallow in biodiesel production fuels the growth of the market. The demand for biodiesel is growing across North America and Japan due to the growing adoption of environment-friendly practices. Also, factors such as growing carbon footprint, global warming, and other environmental impacts of the combustion of traditional fuels, amongst others, are fueling the demand. The demand for biodiesel across the aviation industry is growing during the forecasted period, as it helps in reducing the carbon footprint as compared to the other industries. Carbon dioxide (CO2) is the major gas that accounted for the largest share of emissions from the combustion of traditional fuels. According to the Environment and Energy Study Institute, CO2 is accounting for approximately 70% of the total aircraft emissions.
However, presence of different substitute products in the market restrains the growth of North America & Japan Tallow Market. Various substitutes for tallow are present in the North America and Japan market. Different substitute products present in the market can be categorized based on their applications such as animal feed, cosmetics, and personal care, food & beverages, and biodiesel production. In food and beverages industry applications, tallow has competitive substitutes such as butter, margarine, lard, and vegetable oils such as soybean oil, sunflower oil, olive oil, palm oil, peanut oil, sesame oil, rice bran oil, grapeseed oil, and coconut oil, amongst others.
Furthermore, growing demand from the livestock industry offers lucrative growth opportunity for the market. Tallow contains different nutritional components such as Vitamin A (Retinol, Retinyl esters), Vitamin D (Calciferol), Vitamin K (Phytonadione), Vitamin E (Tocopherol or Alpha-Tocopherol), and Vitamin B12 (Cobalamin), conjugated Linoleic Acid (CLA) with natural anti-inflammatory properties, oleic acid (omega 9), palmitic acid, and stearic acid. Tallow is considered an energy-dense nutrient for animal feed. The addition of tallow in the poultry diet can help in enhancing the energy levels and decrease the dustiness of the diet of the birds. Tallow adds more value to the pig feed as it can improve the firmness of the lean bellies of pork. Consumption of tallow provides 7,680 kcal/kg of energy to pigs. Thus, it is a significant alternative to other fat sources for pig feed including white grease, poultry fat, restaurant grease, canola oil, coconut oil, corn oil, soyabean oil, herring oil, and Menhaden oil. Therefore, the use of tallow in animal feed is growing during the forecasted period creating new opportunities for the North America and Japan Tallow Market to grow soon.
North America & Japan Tallow MarketSegmentation Analysis
The North America & Japan Tallow Market is segmented based on Type, Application, and Geography.
North America & Japan Tallow Market By Type
• Solid• Liquid
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On the basis of Type, the North America and Japan Tallow Market has been segmented into Solid, and Liquid. Solid accounted for the largest market in 2021, and is projected to grow at a CAGR of 6.08% during the forecast period. Liquid was the second-largest market in 2021. The fat from cattle or sheep, typically the fat that envelops the animals’ internal organs—called suet is rendered to create fat. Rendering is the act of gently heating suet to separate the fat from any lingering connective or muscle tissue. As a result, pure fat is produced, which, when cooled, solidifies at an average temperature. The fat is taken out of the cattle, and a processed version of suet is called beef tallow. It solidifies at room temperature. It could be kept for a long time without refrigeration.
North America & Japan Tallow Market By Application
• Food & Beverages• Cosmetics and Personal Care• Animal Feed• Biodiesel• Others
On the basis of Application, the North America and Japan Tallow Market has been segmented into Food & Beverages, Cosmetics and Personal Care, Animal Feed, Biodiesel, and Others. Food & Beverages accounted for the largest market in 2021 and is projected to grow at a CAGR of 4.71% during the forecast period. Cosmetics and Personal Care was the second-largest market in 2021. Tallow is an animal fat primarily derived from cows but also sheep, goats, and horses. Its chemical make-up is similar to lard’s, although it contains more saturated acid fats. If it is placed within a hermetically sealed container to prevent contact with air, it can be maintained reasonably long without needing to be refrigerated. Some butter substitutes and margarine types use it in the food sector. Making shortening is an essential application for tallow. Additionally, it’s a vital component of the Native American delicacy pemmican. Tallow is typically used in deep frying and was preferred for this usage until the growth in popularity of plant oils for frying.
North America & Japan Tallow Market By Geography
• U.S.• Canada• Mexico• Japan
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As seen in the above figure, U.S. accounted for the largest market in 2021 and is projected to grow at a CAGR of 4.71% during the forecast period. Japan was the second-largest market in 2021. The United States is expected to hold a significant share in the market due to the rising utilization of animal fat in both the food and non-food sector. Among all animal fats, butter is highly preferred by consumers in the U.S. Furthermore, along with butter, the demand for tallow and lard is high for other industrial applications such as animal feed and the oleo chemical industry.
Key Players
The major players in the market are Ajinomoto Co., Baker Commodities Inc, Darling industries, Jacob Stern & Sons Tallow, SARIA SE & Co. KG, Parchem, Cailà & Parés, Vantage Specialty Chemicals Inc, Cargill, And Others. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.
Key Developments
• The Love’s chain of highway rest stops is partnered with agriculture giant Cargill to turn beef fat into diesel.
The two firms unveiled a 50/50 joint venture called Heartwell Renewables, as well as plans for a factory in Hastings, Nebraska, capable of generating around 80 million gallons of bovine biodiesel per year beginning in 2023.
Cargill will supply rendered beef fat, also known as tallow, as the fuel’s base. According to a news release from Love’s, the manufacturing technique will result in a fuel that is chemically equivalent to petroleum diesel.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2018-2030 |
BASE YEAR | 2021 |
FORECAST PERIOD | 2023-2030 |
HISTORICAL PERIOD | 2018-2020 |
UNIT | Value (USD Million) |
KEY COMPANIES PROFILED | Ajinomoto Co., Baker Commodities Inc, Darling industries, Jacob Stern & Sons Tallow, SARIA SE & Co. KG, Parchem, Cailà & Parés, & Others |
SEGMENTS COVERED | Type, Application, and Geography. |
CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope. |
Tallow Market Infographic
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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