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2021
Tallow Fatty Acid Market

Tallow Fatty Acid Market by Type (Monounsaturated Fatty Acid, Polyunsaturated Fatty Acid, and Saturated Fatty Acid), Form (Solid and Liquid), and End User (Animal Feed, Cosmetics and Personal Care Industry, Food & Beverages Industry, Biodiesel, and Others): Global Opportunity Analysis and Industry Forecast 2021–2030
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A12490
Pages: 326
Jul 2021 | 2319 Views
Author(s) : Aniket Kadam
Tables: 130
Charts: 59
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COVID-19

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The global tallow fatty acid market was valued at $79,828 million in 2020, and is estimated to reach $173,094.5 million by 2030, registering a CAGR of 6.9% from 2021 to 2030. 

Tallow fatty acid is used in oil field consumption, resins, industrial cleaners, personal care, and rubber & textile industries. Furthermore, it is usually an animal derivative rendered form of beef or mutton fat, and is primarily made up of triglycerides. Furthermore, it is used mainly in producing soap and animal feed. In addition, it can be used for the production of bio-diesel in much the same way as oils from plants are currently used.

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Raw material used in the production for tallow fatty acid is tallow. Moreover, manufacturers have recognized the significance of this raw material and are attempting to implement a variety of strategies for increased production and cultivation to make their business profitable. Thus, rapid expansion of raw material cultivation and production represents a profitable tallow fatty acid market opportunity. In addition, developing fatty acid applications as trans-fat substitutes is also creating various opportunities for manufacturers.

Increasing use of fatty acids in the pharmaceutical industry is expected to provide lucrative market opportunities in the near future. Magnesium and calcium stearates are commonly used as lubricants in the formulation of tablets and dietary supplements in the pharmaceutical industry. The growing geriatric population is increasing the demand for healthcare services, such as drugs and medicines, which is driving the pharmaceutical industry growth and boosting the tallow fatty acid market growth. Increased lubricant production combined with rapid growth in various manufacturing industries is expected to create enormous market growth opportunities. Furthermore, rising demand for lubricants in the automotive industry for effective and smooth component procedure is expected to drive the growth. Moreover, rising investment in the chemical industry by key manufacturers is expected to drive the growth.

Tallow Fatty Acid Market
By Type

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Saturated Fatty Acid segment is expected to grow at highest CAGR of 7.9% during the forecast period

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Tallow fatty acids provide calories and fats while also assisting in the absorption of fat-soluble vitamins such as A, D, E, and K. In terms of health, the type of fatty acid consumed is just as important as the total amount of nutrients consumed. That is why it is critical to select unsaturated fatty acids with lower cholesterol levels. Saturated and trans-fats, for example, may raise unhealthy low-density lipoprotein cholesterol while decreasing healthy high-density lipoprotein cholesterol. This imbalance raises the risk of hypertension, atherosclerosis, heart attack, and stroke. All of these factors contribute to health problems caused by excessive fatty acid consumption.

Tallow is used in the production of fatty acids as a raw material. A sufficient amount of food is needed for tallow. Tallow necessitates some caution. Manufacturers have recognized the significance of this raw material and are attempting to implement a variety of strategies for increased production and cultivation. As the tallow fatty acids industry is very profitable, raw material formulation has increased. 

Tallow Fatty Acid Market
By Form

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Liquid segment is expected to grow at highest CAGR of 7.0% during the forecast period.

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COVID-19 impact on tallow fatty acid

The overall impact of COVID-19 was negative on the tallow fatty acid market due to lockdown rules & regulations imposed globally. Apart from a few fast-moving consumer good (FMCG) products, such as soaps, personal care products, and detergent industries, the tallow fatty acid market demand declined in all other industries, such as oil field consumption, textile, and rubber, as manufacturing facilities were completely or partially shut down across the globe. Moreover, the outbreak of COVID-19 pandemic led to partial or complete shutdown of production facilities, which do not come under essential goods, owing to prolonged lockdown in major countries such as the U.S., China, Japan, India, and Germany. It led to either closure or suspension of their production activities in most of the industrial units across the world.

The tallow fatty acid market is segmented on the basis of type, form, end user, and region. Based on type, the tallow fatty acid market is divided into monounsaturated fatty acid, polyunsaturated fatty acid, and saturated fatty acid. As per form, it is bifurcated into liquid and solid. 

Tallow Fatty Acid Market
By End User

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Animal Feed segment is expected to grow at highest CAGR of 9.0% during the forecast period.

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According to end user, the tallow fatty acid market is fragmented into animal feed, cosmetics and personal care industry, food & beverages industry, biodiesel, and others. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, Belgium, France, the UK, Italy, Spain, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, New Zealand, and the rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and the rest of LAMEA). In this way tallow fatty acid market analysis is and tallow fatty acid market forecast is done.

The major players operating in the global tallow fatty acid market are Ajinomoto Co., Inc., Australian Tallow Producers, Baker Commodities Inc., Cargill, Darling industries, Darling Ingredients, Inc., Jacob Stern & Sons Tallow, SARIA SE & Co. KG, Parchem, Cailà & Parés, and Vantage Specialty Chemicals Inc.

Tallow Fatty Acid Market
By Regions

2030
Europe 
North America
Asia-pacific
Lamea

Asia-Pacific dominates the market and is expected to grow at highest CAGR of 8.7% during the forecast period.

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Key Benefits For Stakeholders

  • The report provides a quantitative analysis of the current market, estimations, trends, and dynamics of the global tallow fatty acid market size from 2020 to 2030 to identify the prevailing market opportunities.
  • The key countries in all the major regions are mapped based on the tallow fatty acid market share and tallow fatty acid market trends.
  • Porter’s five forces analysis highlights the potency of the buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
  • In-depth analysis of the market segment and size assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global tallow fatty acid industry. 
  • Market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of market players.

Key Market Segments

By Type

  • Monounsaturated Fatty Acid
  • Polyunsaturated Fatty Acid
  • Saturated Fatty Acid

By Form

  • Liquid
  • Solid

By End User

  • Animal Feed
  • Cosmetics and Personal Care Industry
  • Food & Beverages Industry
  • Biodiesel
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • Belgium
    • France
    • UK
    • Italy 
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • New Zealand
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • South Africa
    • Saudi Arabia
    • Rest of LAMEA
 

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According to the insights of CXOs of leading companies, the tallow fatty acid market has witnessed consistent growth as well as innovations in the past few years. Various health benefits as well as demand from the soap & detergent market and food industries supplement the growth of the market. Currently, Europe has is the largest market and huge demand for tallow fatty acid has been witnessed.

The tallow fatty acids industry is very profitable, so raw material formulation has increased. As a result, rapid expansion of raw material cultivation and production represents a profitable opportunity for the tallow fatty acid market.

The demand from countries, particularly India, China, Malaysia, and Indonesia, drives the market. The demand for tallow fatty acid is being driven by respective food sectors of these countries, which are being supported by rising living standards and population growth. The growing emphasis on biofuels, such as biodiesel made from fatty acid, is driving the demand for tallow fatty acid.

Some health concerns are limiting the growth of the tallow fatty acid market. Consuming too much of these fatty acids creates hypertensions, atherosclerosis, heart attack, and stroke.

The key players in the tallow fatty acid market have been expanding into new markets through acquisitions, new product development, agreements, and certifications. New requirements to label trans-fatty acid levels in foods are putting pressure on manufacturers to use alternative methods for producing hydrogenated oils, thereby increasing the demand for oils with high trans-fat levels.

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FREQUENTLY ASKED QUESTIONS?

A. The global tallow fatty acid market was valued at $79,828 million in 2020, and is estimated to reach $173,094.5 million by 2030, registering a CAGR of 6.9% from 2021 to 2030.

A. The CAGR of Tallow fatty acid market is 6.9% from 2021 to 2030.

A. The sample report of Tallow fatty acid market is available on Allied Market Research website on request.

A. The top companies operating in the tallow fatty acid industry are Ajinomoto Co., Inc., Australian Tallow Producers, Baker Commodities Inc., Cargill, Darling industries, Darling Ingredients, Inc., Jacob Stern & Sons Tallow, SARIA SE & Co. KG, Parchem, Cailà & Parés, and Vantage Specialty Chemicals Inc.

A. The top companies operating in the tallow fatty acid industry are Ajinomoto Co., Inc., Australian Tallow Producers, Baker Commodities Inc., Cargill, Darling industries, Darling Ingredients, Inc., Jacob Stern & Sons Tallow, SARIA SE & Co. KG, Parchem, Cailà & Parés, and Vantage Specialty Chemicals Inc.

A. The tallow fatty acid market is segmented on the basis of type, form, end user, and region. Based on type, the market is divided into monounsaturated fatty acid, polyunsaturated fatty acid, and saturated fatty acid. As per form, it is bifurcated into liquid and solid. According to end user, the tallow fatty acid market is fragmented into animal feed, cosmetics and personal care industry, food & beverages industry, biodiesel, and others. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, Belgium, France, the UK, Italy, Spain, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, New Zealand, and the rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and the rest of LAMEA).

A. The base year calculated in the tallow fatty acid market report is 2020.

A. Growing health & hygiene awareness combined with a growing population is driving the demand for soap and detergent that contribute to the growth of the tallow fatty acid market. The cleaning and detergents market along with food industry is the largest consumer of tallow fatty acids. Changing lifestyles and rising modernization are two other major factors driving the demand for soaps and detergents, thereby boosting the tallow fatty acid market growth.

A. Europe has the largest market share in tallow fatty acid followed by North America, Asia-Pacific, and LAMEA due to positive growth in rubber and plastics industries that fueled the overall growth in the Europe tallow fatty acid market.

A. Labeling, health claims, novel foods, and trans-fat regulation appear to have a significant impact on the marketing and success of specific fatty acids during sales. In addition, extraction of fatty acids is a time-consuming and expensive process. Extensive maintenance of the extraction plant is required, which can only be accomplished with large capital investments. Moreover, it is critical to select unsaturated fatty acids with lower cholesterol levels. Saturated and trans-fats may raise unhealthy low-density lipoprotein cholesterol while decreasing healthy high-density lipoprotein cholesterol. This imbalance raises the risk of hypertension, atherosclerosis, heart attack, and stroke. All these factors contribute to health problems caused by excessive fatty acid consumption, which is hampering the growth of the tallow fatty acid market.

A. The overall impact of COVID-19 was negative on the tallow fatty acid market due to lockdown rules & regulation imposed globally. Apart from a few fast-moving consumers good (FMCG) products, such as soaps, personal care products, and detergent industries, the demand for tallow fatty acid declined in all other industries, such as oil field consumption, textile, and rubber, as the manufacturing facilities were completely or partially shut down across the globe.

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