The North America tallow market was valued at US$ 4,447.56 million in 2023 and is expected to reach US$ 6,402.14 million by 2031; it is estimated to register a CAGR of 4.7% from 2023 to 2031.
Wide Application Scope Fuels North America Tallow Market
Tallow is used by various end-use industries such as food & beverages, personal care, home care, biofuel, lubrication, and animal feed owing to its varied benefits. In the food & beverage industry, tallow has potential uses in numerous procedures, including shallow frying, deep frying, grilling, poaching, and baking. As compared to vegetable oils such as sunflower oil, canola oil, soybean oil, and peanut oil, tallow has become a potential medium for frying. It possesses the highest smoke point than other frying media. Also, it remains constant at high temperatures by conveying a more desirable flavor and crispiness to fried foods than other vegetable oils. Additionally, beef tallow comprises a balanced ratio of saturated and unsaturated fats, making it an ideal substitute for oils with higher levels of unhealthy trans fats. Thus, tallow is significantly used for food and beverage applications.
Tallow is also used in producing soaps, candles, and skincare products. Its moisturizing features make it a preferred ingredient in skincare formulations, while its capability to develop a steady lather improves the quality of soaps. Beef tallow's moisturizing and emollient properties have garnered attention from the pharmaceutical and cosmetic industries. Further, tallow is significantly used for animal feed and pet food products as it has various nutritional component such as Vitamin A, Vitamin D, Vitamin K, Vitamin E, conjugated linoleic acid (CLA), which has inherent anti-inflammatory properties, oleic acid (omega 9), palmitic acid. In animal feed industry tallow is majorly used in poultry and pork feed.
Tallow is considered as productive and long-lasting feedstock for the manufacturing of biodiesel. Compared to regular diesel, its usage in biodiesel results in reduced carbon emissions. Thus, tallow is significantly used for biofuel production. Moreover, fatty acid content in tallow makes it an effective lubricant, preventing surface friction and wear & tear. It acts as a sustainable alternative to synthetic lubricants used in the wood, metal, and leather industries due to its eco-friendly and biodegradable properties.
Thus, wide application scope of tallow in various industrial application such as food & beverages, animal feed, cosmetic & personal care, lubrication, home care products, and biofuel drives the market growth.
North America Tallow Market Overview
The North America tallow market is segmented into the US, Canada, and Mexico. The US is one of the largest markets for tallow as the country has a significant presence of application industries such as biofuel, animal feed, and food & beverages. Edible animal fat in the US can be rendered only in food-grade plants under inspection of the US Department of Agriculture (USDA). However, the production of inedible animal fat does not involve supervision from USDA.
North America Tallow Market Revenue and Forecast to 2031 (US$ Million)
Strategic insights for the North America 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 North America 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.North America Tallow Strategic Insights
North America Tallow Report Scope
Report Attribute
Details
Market size in 2023
US$ 4,447.56 Million
Market Size by 2031
US$ 6,402.14 Million
Global CAGR (2023 - 2031)
4.7%
Historical Data
2020-2021
Forecast period
2023-2031
Regions and Countries Covered
North America
Market leaders and key company profiles
North America Tallow Regional Insights
North America Tallow Market Segmentation
The North America tallow market is categorized into source, end-use industry, and country.
By source, the North America tallow market is segmented into beef, sheep, and others. The beef segment held a largest share of the North America tallow market share in 2023.
In terms of end-use industry, the North America 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 North America tallow market share in 2023.
Based on country, the North America tallow market is segmented into the US, Canada, and Mexico. The US segment held the largest share of North America tallow market in 2023.
AGRI INTERNATIONAL; Armour Lard; BAKER COMMODITIES, INC.; Cargill Inc; Dalian Daping Oil Chemicals Co. Ltd; HRR Enterprises, Inc.; Jacob Stern & Sons Inc; Maine Tallow Company; Minerva SA; Sanimax ABP Inc; and Targray Technology International Inc are some of the leading companies operating in the North America tallow market.
The North America Tallow Market is valued at US$ 4,447.56 Million in 2023, it is projected to reach US$ 6,402.14 Million by 2031.
As per our report North America Tallow Market, the market size is valued at US$ 4,447.56 Million in 2023, projecting it to reach US$ 6,402.14 Million by 2031. This translates to a CAGR of approximately 4.7% during the forecast period.
The North America 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 North America Tallow Market report:
The North America Tallow Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Tallow Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Tallow Market value chain can benefit from the information contained in a comprehensive market report.