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Animal Fats and Oils Market is trending towards Sustainable practices by 2030

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ashwini bakhade

Animal fats and oils are produced from animal sources and are widely used in food applications as well as industrial applications. Animal fat and oil have higher smoke points compared to vegetable oils making them suitable for deep-frying and bakery applications. They also offer advantages like long shelf life, stability at room temperatures and resistance to oxidation.


The Global Animal Fats and Oils Market is estimated to be valued at US$ 321.76 Bn in 2024 and is expected to exhibit a CAGR of 12% over the forecast period 2024 to 2030.


Key Takeaways

Key players operating in the Animal Fats and Oils are Johnson Controls, Honeywell, Schneider Electric, Siemens Healthineers, Philips, GSK, AbbVie, Pfizer, Merck & Co., Novartis. With growing demand for convenient food products and increasing disposable incomes, the consumption of animal fats and oils is increasing in developing regions of Asia Pacific and Latin America which is driving the market growth. Moreover, leading manufacturers are expanding their operations globally to cater to the growing demand for animal fats and oils especially in developing countries.


Market Key Trends

One of the major trends gaining traction in the Animal Fats And Oils Market Size is the shift towards sustainable and environment-friendly production practices. Growing health consciousness and rising awareness about environmental protection is compelling manufacturers to reduce carbon footprint and adopt greener extraction methods. Many players are focusing on using renewable energy sources and waste-derived feedstock to produce animal fats and oils with minimal environmental impact.

Porter's Analysis

Threat of new entrants: High capital requirements for new entrants into this market make it difficult for new companies to enter.


Bargaining power of buyers: Large buyers in food industry can negotiate lower prices from suppliers in this market.


Bargaining power of suppliers: A few large multinational companies dominate supply in this market giving them significant price bargaining power.


Threat of new substitutes: Ongoing research in vegetable oil could create new substitutes that threaten animal fats and oils.


Competitive rivalry: Established major players compete aggressively on pricing and product development in this mature market.


Geographical regions

The Asia Pacific region accounts for the largest share of the global animal fats and oils market in terms of value due to high consumption in countries like China and India. Greater availability of raw materials and a large buyer base have made this region dominant.


North America is projected to be the fastest growing regional market during the forecast period owing to increasing usage of animal fats and oils in various end use industries across the United States and Canada. Rising health consciousness and product innovations will drive market expansion.

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