Tallow Market – Global Industry Dynamics 2019-20, Trends and Forecast, 2021–2028

Tallow is a rendered form of mutton or beef fat. Tallow is a tasteless consisting of suet, odorless, and waxy white fat. In addition, tallow is a rich source of fat and contains a small amount of vitamin D and E. Tallow is widely used in cooking and baking, due to its delicious taste and adds a good flavor to food. Beef tallow is heat-stable cooking fat and is resistant to oxidation. Moreover, tallow contains a very less amount of polyunsaturated fats; this makes it very heat-stable for cooking purposes. All this is expected to increase the market attractiveness of the tallow market across the world during the forecast period.

Driving and Restraining Factors

  • Increase in awareness about health benefits related to tallow accelerating the global tallow market across the world during the forecast period

  • Other factors such as improving living standards, increasing demand for luxury and healthy, high-income levels, and increasing disposable income are projected to accelerate market growth during the forecast period

  • In addition, the prevalence of supporting regulations regarding cleanliness and hygiene in food & beverage and manufacturing industries is expected to accelerate the tallow market across the world during the forecast period

  • Growth in product innovations and high acceptance of tallow-based products are projected to increase the demand for tallow across the world during the forecast period

Opportunity

  • In addition, the evolution of e-Commerce has created huge opportunities for producers and distributors in the industry

  • In addition, increasing consumer expenditure on personal and beauty care products is anticipated to accelerate the overall tallow market across the world

Market Segmentation

  • The global tallow market can be segmented based on product type, end-use industry, distribution channel, and region

  • Based on product type, tallow can be divided into saturated, monounsaturated, and polyunsaturated

  • Based on the end-use application, the market can be classified into soaps & detergents, rubber, plastics, personal care products, and others

  • Based on the distribution channel, the tallow market can be divided into online and offline. The online segment is divided into company-owned websites and e-Commerce retailers. The offline segment is further divided into hypermarkets/supermarkets, departmental stores, and others.

  • Based on region, the global market can be divided into North America (U.S., Canada, and Rest of North America), Europe (U.K., Germany, France, Italy, and Rest of Europe), Asia Pacific (Japan, India, China, and Rest of Asia Pacific), Middle East & Africa (GCC Countries, South Africa, and Rest of the Middle East & Africa), and South America (Brazil and Rest of South America)

  • North America is projected to hold a major market share followed by the European region. Factors, such as the presence of a large number of major players, are likely to accelerate the tallow market in both regions.

  • The Asia Pacific is expected to grow at the fastest rate during the forecast period. Rapid growth of overall rubber, plastic, and personal care products sectors in the region is expected to accelerate the demand for tallow demand in the region during the forecast period

Competition Landscape

  • Key players operating in the global tallow market include VietDelta Ltd, Vet Feeds India Pvt. Ltd, Windsor Quality Meats, Tallow Products Pty, Tassie Tallow, Devra Trading Ltd, and Pridham Pty Ltd, among others

  • These market players are focused on the adoption of business strategies such as mergers & acquisitions and geographical expansion. Furthermore, market players are more focused on product development and enhancement to have a competitive advantage over others.

Tallow Market: Segmentation

Tallow Market, by Product Type

  • Saturated

  • Monounsaturated

  • Polyunsaturated

Tallow Market, by End-use Application

  • Soaps & Detergents

  • Rubber

  • Plastics

  • Personal Care products

  • Others

Tallow Market, by Distribution Channel

  • Online

    • Company-owned Website

    • e-Commerce Retailers

  • Offline

    • Hypermarkets/Supermarkets

    • Departmental Stores

    • Others

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