Beef Fat Market Analysis: Major Players, Lucrative Segments And Top Geographies
29 Jun, 2023
The global beef fat market size is expected to grow from $39.33 billion in 2022 to $42.17 billion in 2023 at a compound annual growth rate (CAGR) of 7.22%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global beef fat market size is expected to reach $56.62 billion in 2027 at a CAGR of 7.65%.
Global Beef Fat Market Key Driver
The beef fat market is predicted to develop in the future due to the increasing growth of the food and beverage sectors. Beef fat is utilised in the food and beverage industry as a cooking fat and a replacement for butter and oil, increasing meat's water-holding capacity by lubricating the muscle fibres during cooking, enhancing meat flavour, and providing additional benefits such as high nutrient absorption.
Get a sample of the global beef fat market reportGlobal Beef Fat Market Segments
The global beef fat market is segmented:
1) By Product Type: Solid, Paste
2) By Application: Biodiesel, Animal Feed, Oleo Chemical, Food Industry, Other Applications
3) By Distribution Channel: Business To Business, Hypermarkets Or Supermarkets, Retail Stores, Online Stores, Other Distribution Channels
4) By Geography: The regions covered in the beef fat market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global beef fat market.
Major Beef Fat Industry Players
Windsor Quality Meats, Tassie Tallow, US Wellness Meats, Pridham Pty Ltd, Cargill Inc, BRF S.A., Piermen B.V., Fat Cow Gourmet Meats, Tridge, Ianq Overseas Llp, Jacob Stern & Sons Inc, Hormel Foods Corporation, JBS S.A.
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Beef Fat Market Overview
Beef fat is made from beef, which is high in triglycerides. It is solid at room temperature and melts at around 50 degrees and is a rich source of fats with EPA and DHA (omega-3 fatty acids). It is used as a major dietary source of conjugated linoleic acid (CLA) to promote various health benefits such as antioxidants, lowering cardiovascular risk, protecting against atherosclerosis, and boosting the immune system.
Beef Fat Global Market Report 2023 provides data on the global beef fat market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The beef fat market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.