Edible fats are different fats from different sources like sunflower oil, palm and butter oil, and peanut oil. The major reason behind extracting oil from such a source is the unsaturated healthy fat obtained. The most common source of oil in our daily lives, olive oil, is also unsaturated. And that is the main reason it is used on an everyday basis. But the, animal fats differ from these fats in so many ways.
The animal fats are derived from the poultry animals, cattle, or pigs. These fats derived from the animal can be easily consumed by humans and are now known as edible animal fats. At a primary consumption level they do not cause any harm to the human body because of the presence of unsaturated fats. Their basic form is the lipids derived from animals.
The growing importance of animal fats in the market is mainly because it is available in both fats and oil firms. This scientifically comes out as triglycerides. Being used for cooking and frying, edible animal oil has become an important part of daily life.
The current estimation of the Edible Animal Fat Market globally is set at USD 45.65 billion from 2021 to USD 60.4 billion by 2030. This is set at a CAGR constant of 4.50%. The global market had shown a huge decline in its status during the 2020 pandemic due to increased health consciousness among consumers. Post that, the market started returning to its normal stats.
Similar to most industries, urbanization plays a major role in the dietary and food habits of the people. This means that compared to less diversified places, the consumption of edible animal fat has been showing a better growth in the urbanized sectors.
The Edible Animal Fat Market Research is segmented based on the types, sources, and applications.
This means that the animal fat is segmented into butter and yellow based on the type. This means that the butter is likely to gain a significant number in the market compared to the others due to its popularity.
Based on the sources, the animal fat can be segmented into the sources derived from, that is, the pigs and the cattle. Lately, there has been an increased demand for fat-based animal products like butter and tallows, whose source is cattle. Also, the market flourishes due to the large availability of cattle animals. Lard is the only product that drives the demand for the pig source.
Depending upon the application, the food sources are divided into food and non-food industry. The non-food industry refers to the usage of animal fats in the oleochemical industries.
North America holds a major share in the Edible Animal Fat Market Report due to the increased requirement for animal fats in the food and non-food industry. The European market has most probably succeeded in crossing the global limits of the foodservice, specifically in Germany, Russia, Belgium, and the UK. Butter is one of the major food components consumed in South America and has, in a way, driven the Edible Animal Fat Market.
The current estimation of the Edible Animal Fat Market globally is set at USD 45.65 billion from 2021 to $60.4 billion by 2028. This is set at a CAGR constant of 4.50%.