Beef Fat Market: The growing use of Beef Fat by the Food and beverage and Personal Care industry to boost the market growth

The Beef Fat market size was USD 15.94 billion in 2022 and is expected to reach USD 23.35 billion by 2029, growing at a CAGR of 5.6 % during the forecast period.

Beef Fat has grown in popularity over the past decade thanks to the increasing use of Beef Fat in the food & beverage and personal care industry. Beef is a great source of CLA (conjugated linoleic acid) fatty acid, protein, and other nutrients. Research has shown CLA can help with fat loss by improving insulin sensitivity and preventing many conditions such as heart disease, cancer, and type 2 diabetes. There is growing awareness of the health benefits of beef fat such as its ability to boost the immune system, reduce inflammation, provide healthy fat, and promote fat burning. Beef Fat is also used in cooking, making skin care products, as well as in manufacturing candles and soaps. Argentina is the largest consumer of beef accounting for 46 kg per capita followed by Brazil (26.4 kg per capita) and the USA (24.2 kg per capita) in 2022.

The demand for beef fat has increased, particularly in countries like Korea, Japan, Malaysia, Kuwait, Saudi Arabia, Mexico, Taiwan, and Brazil, where per capita income, per capita consumption of beef fat, and high-fat diets have all increased. Furthermore, the rapid growth of the food and beverage and food services industries is likely to increase the growth of the beef fat market in these regions. Key market players in the beef fat sector are continually launching new types of ingredients to fulfill the shifting needs of consumers. In order to generate the highest revenue, companies are also focusing on growing their distribution networks across the world.To know about the Research Methodology :- Request Free Sample Report
Beef Fat Market Dynamics:
Increasing use of Beef fat for cooking purposes to drive Beef Fat Market growth

Beef fat is widely used in cooking and baking because of its delicious taste, and it adds a good flavor to food. Beef fat is heat-stable cooking fat and is resistant to oxidation. Because of its good oxidative stability, biodiesel manufacturer adds beef fat to soybean oil to improve the latter’s stability. As beef fat contains very less amount of polyunsaturated fats which makes it very heat-stable for cooking purposes. Beef fat has great stability and it can be stored without refrigeration for a long period of time. Beef fat is used as a cooking fat and a substitute for butter and oil in the food and beverage sector. Beef fat is relatively inexpensive as compared to other cooking oils on the market, and the increasing number of food industries around the world is expected to increase demand for the beef fat market during the forecast period. The food service sectors such as fast food chains, café, restaurants, and others are all experiencing a hike in consumption of meat, however, rising demand for healthy foods among consumers is urging players of food service stores to include low-fat beef in their menu. Steakhouses like Outback Steakhouse and Lonestar Steakhouse have started to offer low-fat beef on their menus.

Consumption of Beef fat is growing in the emerging economies of China and Thailand, especially among the middle class. China’s income has risen by double digits and is expected to grow continuously and it is anticipated that beef fat consumption over the forecast period.

Health benefits associated with Beef Fat to boost the market growth

Beef fat is not just a better option for high-heat cooking, it also offers some surprising health benefits. Consumption of Beef fat in your diet boosts the immune system of the body. It’s easier for the body to absorb fat-soluble vitamins that support the immune system. Furthermore, it not only helps to absorb more nutrients from food, but beef fat is also rich in vitamins A, D, E, K, and B1 and Reduces inflammation. The fatty acids in beef fat possess fantastic antimicrobial properties, which may help protect the body from infection. Beef fat is high in choline, a nutrient that supports the nervous system. It also helps to burn body fat because beef fats stimulate the release of glucagon, the hormone that signals to the body that it’s time to burn stored fat to use for energy. Consumers now include meat products in their diets due to rising living standards and awareness of the value of animal protein. The above-mentioned health benefits associated with beef fat consumption are expected to drive market growth during the forecast period.

Opportunities for Market Players to drive the market growth

Globally growing environmental concern is expected to boost the demand for the beef fat market as it is used in the manufacturing of biofuels that create less pollution as compared to fossil fuels. Also, the globally growing trend of eating delicious food would have a significant impact on the beef fat market because it gives a pleasant flavor to foods. For better growth in the market companies operating focus on the Asia Pacific region as this region is quite price sensitive, and beef fat is very affordable, and its cost is very less as compared to other cooking oils. Hence, it is a great opportunity for beef fat manufacturers to build their pillars in this region. In addition, beef fat is also used in the manufacturing of medicinal ointments which would additionally grow the market during the forecast period. Existing players in the  market target the animal feed sector to grow the market share of beef fat. Also, growing soaps and lubricants manufacturing industries are expected to fuel the demand for the beef fat in the coming years.

Increasing sales of Beef Fat through the distribution channel

The beef fat market growth is supported by the increase in meat distribution channels around the world in the last few years. The beef fat demand in the food service sector is increasing due to the rising popularity of eating out in cafes, hotels, and restaurants. The online channels are expected to increase the sales of fresh and chilled products with a large range of product variations and discount systems. The growing knowledge of fresh food health has supported the sale of beef fat through various retail distribution channels such as supermarkets, hypermarkets, specialty stores, and online retailers. The low-fat beef market is experiencing new growth because of the increase in local cold storage facilities and slaughterhouses. Key Players are making sure to eliminate any issues that may arise in the supply chain, such as those related to low-fat beef storage and preservation, in order to increase the market's growth. The increased production can benefit the manufacturers by allowing them to distribute the product safely to the market and increase their profitability. Furthermore, the rising popularity of online orders is expected to boost their market sales. These channels allow to order beef fat products and deliver them to the home.

The plant-based fat consumption hampers the  market growth

Plant-based fats are used in vegan cooking as meat substitutes. The goal of the plant-based alternatives for the least environmentally friendly ingredients in the food sector is to create a global chain that is better for animals and the environment. Plant-based hot dogs, veggie burgers, and vegan sausages are becoming increasingly popular in restaurants and supermarkets. The presence of plant-based fat is expected to hamper the  market’s growth during the forecast period.
Beef Fat Market Segment Analysis:
Based on Application, the oleo chemical segment held the highest market in 2022. Increasing use of the beef fat for the production of oleo chemicals significantly supplemented the beef fat market growth. Beef fats have allowed Western oleochemical producers to remain competitive in the global market by providing them with a cost-competitive raw material. Increasing use of fats and grease for biofuel all across the world has led to higher beef fat prices and curtailed supply for oleochemical production. Growing consumption of renewable, sustainable, and bio-based chemicals in personal care & cosmetics, food & beverages, pharmaceuticals, and other sectors are expected to generate demand for oleo chemicals which in turn boost the growth of the beef fat industry.

The personal care segment is responsible for the growth of the beef fat market. The main use of beef fat is in the production of soaps and Moisturizers. The demand for soap is constantly increasing because of the growing population. Moisturizers made from beef fat, mixed with olive oil and essential oils have been used by the young population. The increase in personal care product demand has led to an increase in the price of the beef fat market during the forecast period.

Based on Distribution Channel, the hypermarkets/supermarkets segment was the significant contributor to the market growth in 2022. Supermarket/hypermarket is gaining considerable popularity because of the availability of a broad range of food products including beef fat under a single roof. Supermarkets and hypermarkets are popular places to buy fresh beef fat, as they have access to a variety of meat fillets and guarantee product reliability.
Beef Fat Market Regional Insights
In North America, the Beef Fat market accounted for the highest revenue share in 2022. The United States dominates the market for beef fat. The country's beef fat is utilized in dietary supplements and foods that have been fortified and have a high nutritious value. The market for beef fat in the United States is forecast to grow at a CAGR of 6.8 % over the forecasted period. The market is growing as a result of increased consumer demand for healthy foods and increasing awareness of the advantages of beef fat. The growing demand for nutritional supplements and fortified meals is a significant factor driving the growth of the U.S. beef fat industry. Foods and dietary supplements that have been fortified with nutrients have been found to benefit heart health and reduce cholesterol levels.

The Asia Pacific region dominated the global Beef Fat market share in 2022. Manufacturers have a strong possibility to provide the rising demand for beef fat on the global market. Both the rising demand for biofuel and the use of beef fat as a lubricant in industrial products are found to positively affect the market share during the forecast period. Due to its stability, a majority of biodiesel manufacturers add beef fat to soybean oil to improve the latter's stability. The high oxidative stability of beef fat facilitates improved stability in various oils. Due to this quality, beef fat is more in demand in the biodiesel industry, providing potential for suppliers to fulfill the growing demands in other sectors.

This study focuses on the major driving factors and restraints that affect the Beef Fat market. Global and regional players in the Beef Fat industry are discussed in depth, including revenue data and market share information. The market analysis includes trends in Beef Fats, information about the potential market and needs, and lists of potential competitors. MMR has segmented the global Beef Fat industry report based on Application, Distribution Channel, and region. The report contains strategic profiling of top key players in the market, a wide-ranging analysis of their core competencies, and their strategies like new product launches, growths, agreements, joint ventures, partnerships, and acquisitions that apply to the businesses. Our team of analysts can also provide you with data in excel files and pivot tables or can assist you in creating presentations from the data sets available in the report.
Beef Fat Market Scope: Inquiry Before Buying



Beef Fat Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 15.94 Bn.


Forecast Period 2023 to 2029 CAGR:
5.6%
Market Size in 2029:
US $ 23.35 Bn.


 Segments Covered:
by Application
1.Food and beverage industry
2.Animal feed industry
3.Personal care
4.Biodiesel
5.Pharmaceuticals


by Distribution Channel
1.B2B
2.B2C
3.Store-Based Retailing
4.Hypermarkets/Supermarkets
5.Specialty Stores
6.Convenience Stores
7.Online Retailing


by Product Type
1.Solid
2.Paste



Beef Fat Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Beef Fat Market, Key Players  are:
1. Tassie Tallow
2. VietDelta Ltd.
3. U.S, Wellness Meats
4. Pridham LTD
5. Devra Trading
6. Indian Feeds Company
7. Vet Feeds India Ltd
8. Windsor Quality Meats
9. Fat Cow Gourmet Meats
10. Fatworks

FAQs:

1. Who are the key players in the Beef Fat market?
Ans. SBH Foods, Mercomeat, PIERMEN B.V., Devra Trading Ltd, and Darling Ingredients, Inc. are some of the market players in the Beef Fat market.

2. Which Application segment dominates the Beef Fat market?
Ans. The Personal care segment accounted for the largest share of the global Beef Fat market in 2022.

3. How big is the Beef Fat market?
Ans. The global Beef Fat market size reached USD 15.4 billion in 2022 and is expected to reach USD 23.35 billion by 2029, growing at a CAGR of 5.6 % during the forecast period.

4. What are the key regions in the global Beef Fat market?
Ans. Based On the region, the market has been classified into North America, Europe, Asia Pacific, Middle, East and Africa, and Latin America. North America dominates the global Beef Fat market.