The scope of our recent study on the "Tallow Market Forecast to 2031 - Global Analysis - by Source, End-Use Industry, and Geography" includes the factors fueling the tallow market growth, revenue estimation, and forecast, market share analysis, and the identification of significant market players and their key developments.
The tallow market size is projected to reach 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.
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.
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.
Asia Pacific is expected to register highest CAGR in the forecast period. The growth of the personal care industry in Asia Pacific is fueling the demand for tallow. Tallow is a common ingredient in producing soaps, detergents, and other personal care products. It is considered a cost-effective ingredient compared to other alternatives used in soap and detergent production, such as palm oils. Its availability as a byproduct of the livestock industry can make it an affordable and readily accessible option for manufacturers, especially in countries such as China, Japan, and India with a strong livestock sector. Also, the growing livestock industry and huge animal feed production boost the demand for tallow which plays a vital role in the animal nutrition sector. Asia Pacific is the largest animal feed producer globally. Moreover, the increase in emphasis on biofuels such as biodiesel produced from animal fats is augmenting the demand for animal fats such as tallow.
In Asia Pacific, China is one of the major producers and consumers of tallow. Also, the country imports large quantities of beef tallow from Australia and New Zealand. Tallow is used in various end-use industries such as biofuel, personal care & cosmetics, food & beverages, and animal nutrition. According to news released by Reuters in 2023, the National Energy Administration (NEA) announced that China will launch a series of pilot projects to boost domestic production and consumption of biodiesel. The country's growing focus on increasing its biodiesel production is expected to fuel the demand for tallow. In China, lard and beef tallow are used as base oils in specialty fat production. These specialty fats are mainly used in the food industry in the country.
Based on end-use industry, the personal care and cosmetic segment is projected to register the fastest CAGR from 2023 to 2031. Tallow is widely used in the personal care and cosmetics products such as creams, moisturizers, balms, and hair care products owing to its various beneficial offerings. The fatty acids and vitamins in tallow are similar to those naturally found in healthier hair and skin. For instance, vitamin E offers antioxidant properties, which help protect hair from various environmental stressors. Fatty acids offer additional strength and moisture to hair strands. Several companies such as B