The Europe tallow market was valued at US$ 1,174.80 million in 2023 and is expected to reach US$ 1,778.31 million by 2031; it is estimated to register a CAGR of 5.3% from 2023 to 2031.
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. Vegetable oils made from sunflower, safflower, or soybean and animal fats such as tallow include omega-6 fatty acids. For the skin barrier to remain healthy and intact, omega-6 fatty acids are essential. Moreover, the pet adoption is significantly increasing worldwide. For optimum health, a pet's diet must include vital fatty acids. This has resulted to adoption of tallow in the manufacturing of pet food. 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.
Tallow is one of the traditional ingredients in making soaps and other personal care and home care products due to its strong fatty acid profile. Moreover, Germany is the largest fuel market in Europe. However, the regulations on the usage of animal fat, tallow-based Methyl Ester (TME), and biodiesel are stringent. According to the Institute for Energy and Environmental Research (IFEU), in Germany, 96% of animal fats, which may not be used for the production of animal feed or other material use because of high or medium risk (categories 1 and 2) are currently processed into biodiesel (TME). However, this kind of biofuel cannot be used in Germany to fulfill the GHG reduction requirement. As a result, they are exported to other EU nations. Germany mainly uses cooking oil for biodiesel production. Thus, the TME produced in Germany from animal fats is exported to neighboring European countries because it is not eligible for the GHG quota.
Strategic insights for the Europe Tallow provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the Europe Tallow refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.Europe Tallow Strategic Insights
Europe Tallow Report Scope
Report Attribute
Details
Market size in 2023
US$ 1,174.80 Million
Market Size by 2031
US$ 1,778.31 Million
Global CAGR (2023 - 2031)
5.3%
Historical Data
2020-2021
Forecast period
2023-2031
Regions and Countries Covered
Europe
Market leaders and key company profiles
Europe Tallow Regional Insights
The Europe tallow market is categorized into source, end-use industry, and country.
By source, the Europe tallow market is segmented into beef, sheep, and others. The beef segment held the largest share of the Europe tallow market share in 2023.
In terms of end-use industry, the Europe tallow market is segmented into food & beverages, personal care & cosmetics, lubricants, biofuel, animal nutrition, and others. The biofuel segment held the largest share of the Europe tallow market share in 2023.
Based on country, the Europe tallow market is segmented into Germany, France, Italy, the UK, Spain, and the Rest of Europe. The Rest of Europe segment held the largest share of Europe tallow market in 2023.
Cargill Inc; Dalian Daping Oil Chemicals Co. Ltd; ECSA Chemicals SA; HRR Enterprises, Inc; KRV Yağ ve Kemik San Tic. A.Ş; Leo Group Ltd; Minerva SA; and Targray Technology International Inc are some of the leading companies operating in the Europe tallow market.
The Europe Tallow Market is valued at US$ 1,174.80 Million in 2023, it is projected to reach US$ 1,778.31 Million by 2031.
As per our report Europe Tallow Market, the market size is valued at US$ 1,174.80 Million in 2023, projecting it to reach US$ 1,778.31 Million by 2031. This translates to a CAGR of approximately 5.3% during the forecast period.
The Europe Tallow Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Tallow Market report:
The Europe Tallow Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Tallow Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Tallow Market value chain can benefit from the information contained in a comprehensive market report.