Asia Pacific Tallow Market Forecast to 2031 - Regional Analysis - by Source (Beef, Sheep, and Others) and End-Use Industry (Food & Beverages, Personal Care & Cosmetics, Lubricants, Biofuel, Animal Nutrition, and Others)
The Asia Pacific tallow market was valued at US$ 646.29 million in 2023 and is expected to reach US$ 1,071.78 million by 2031; it is estimated to register a CAGR of 6.5% from 2023 to 2031.
Surging Demand for Biofuel Boosts Asia Pacific Tallow Market
The limited availability of fossil fuel-based resources, rising awareness about curbing carbon emissions, increasing need for cleaner fuel, and stringent government regulations on the desulfurization of petroleum products are expected to propel the demand for biofuel. Biofuels reduce reliance on fossil fuels and decrease greenhouse gas emissions. As the feedstock material used to produce biofuels can be regenerated more quickly than conventional fossil fuels, they are considered renewable.
Tallow, produced from animal fats, is a productive and long-lasting feedstock for manufacturing biofuels such as biodiesel. Its usage in biodiesel results in lower carbon emissions compared to regular diesel. The government policies and regulations boost biofuel production. Thus, rising demand and production of biofuel are expected to create huge opportunities for the Asia Pacific tallow market during the forecast period.
Asia Pacific Tallow Market Overview
The growth of the personal care industry in Asia Pacific is fueling the demand for tallow. Tallow is a common ingredient in producing soaps, detergents, and other personal care products. It is considered a cost-effective ingredient compared to other alternatives used in soap and detergent production, such as palm oils. Its availability as a byproduct of the livestock industry can make it an affordable and readily accessible option for manufacturers, especially in countries such as China, Japan, and India with a strong livestock sector. Also, the growing livestock industry and huge animal feed production boost the demand for tallow which plays a vital role in the animal nutrition sector. Asia Pacific is the largest animal feed producer globally. Moreover, the increase in emphasis on biofuels such as biodiesel produced from animal fats is augmenting the demand for animal fats such as tallow.
Asia Pacific Tallow Market Revenue and Forecast to 2031 (US$ Million)
Asia Pacific Tallow Market Segmentation
The Asia Pacific tallow market is categorized into source, end-use industry, and country.
By source, the Asia Pacific tallow market is segmented into beef, sheep, and others. The beef segment held a largest share of the Asia Pacific tallow market share in 2023.
In terms of end-use industry, the Asia Pacific 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 Asia Pacific tallow market share in 2023.
Based on country, the Asia Pacific tallow market is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. China segment held the largest share of Asia Pacific tallow market in 2023.
AGRI INTERNATIONAL, Cargill Inc, Craig Mostyn Group, Dalian Daping Oil Chemicals Co. Ltd, Minerva SA, NH Foods Australia Pty Ltd, Pridham Pty Ltd, Targray Technology International Inc., and Tassie Tallow are some of the leading companies operating in the Asia Pacific tallow market.
Table Of Contents
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Market Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. Asia Pacific Tallow Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturing Process
4.3.3 Distributors or Suppliers
4.3.4 Application
5. Asia Pacific Tallow Market - Key Market Dynamics
5.1 Asia Pacific Tallow Market - Key Market Dynamics
5.2 Market Drivers
5.2.1 Wide Application Scope
5.2.2 Increasing Use of Tallow for Animal Nutrition
5.3 Market Restraints
5.3.1 Availability of Alternatives
5.4 Market Opportunities
5.4.1 Surging Demand for Biofuel
5.5 Future Trends
5.5.1 Natural Beauty Trend Boost Tallow-based Skin Care Products
5.6 Impact of Drivers and Restraints:
6. Tallow Market - Asia Pacific Analysis
6.1 Asia Pacific Tallow Market Revenue (US$ Million), 2021-2031
6.2 Asia Pacific Tallow Market Forecast Analysis
7. Asia Pacific Tallow Market Analysis - by Source
7.1 Beef
7.1.1 Overview
7.1.2 Beef: Asia Pacific Tallow Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Sheep
7.2.1 Overview
7.2.2 Sheep: Asia Pacific Tallow Market - Revenue and Forecast to 2031 (US$ Million)
7.3 Others
7.3.1 Overview
7.3.2 Others: Asia Pacific Tallow Market - Revenue and Forecast to 2031 (US$ Million)
8. Asia Pacific Tallow Market Analysis - by End-Use Industry
8.1 Food & Beverages
8.1.1 Overview
8.1.2 Food & Beverages: Asia Pacific Tallow Market - Revenue and Forecast to 2031 (US$ Million)
8.2 Personal Care & Cosmetics
8.2.1 Overview
8.2.2 Personal Care & Cosmetics: Asia Pacific Tallow Market - Revenue and Forecast to 2031 (US$ Million)
8.3 Lubricants
8.3.1 Overview
8.3.2 Lubricants: Asia Pacific Tallow Market - Revenue and Forecast to 2031 (US$ Million)
8.4 Biofuel
8.4.1 Overview
8.4.2 Biofuel: Asia Pacific Tallow Market - Revenue and Forecast to 2031 (US$ Million)
8.5 Animal Nutrition
8.5.1 Overview
8.5.2 Animal Nutrition: Asia Pacific Tallow Market - Revenue and Forecast to 2031 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Asia Pacific Tallow Market - Revenue and Forecast to 2031 (US$ Million)
9. Asia Pacific Tallow Market -Country Analysis
9.1 Asia Pacific
9.1.1 Asia Pacific Tallow Market Overview
9.1.2 Asia Pacific: Tallow Market - Revenue and Forecast Analysis - by Country
9.1.2.1 Asia Pacific: Tallow Market - Revenue and Forecast Analysis - by Country
9.1.2.2 China: Tallow Market - Revenue and Forecast to 2031 (US$ Million)
9.1.2.2.1 China: Tallow Market Breakdown, by Source
9.1.2.2.2 China: Tallow Market Breakdown, by End-Use Industry
9.1.2.3 Japan: Tallow Market - Revenue and Forecast to 2031 (US$ Million)
9.1.2.3.1 Japan: Tallow Market Breakdown, by Source
9.1.2.3.2 Japan: Tallow Market Breakdown, by End-Use Industry
9.1.2.4 India: Tallow Market - Revenue and Forecast to 2031 (US$ Million)
9.1.2.4.1 India: Tallow Market Breakdown, by Source
9.1.2.4.2 India: Tallow Market Breakdown, by End-Use Industry
9.1.2.5 Australia: Tallow Market - Revenue and Forecast to 2031 (US$ Million)
9.1.2.5.1 Australia: Tallow Market Breakdown, by Source
9.1.2.5.2 Australia: Tallow Market Breakdown, by End-Use Industry
9.1.2.6 South Korea: Tallow Market - Revenue and Forecast to 2031 (US$ Million)
9.1.2.6.1 South Korea: Tallow Market Breakdown, by Source
9.1.2.6.2 South Korea: Tallow Market Breakdown, by End-Use Industry
9.1.2.7 Rest of Asia Pacific: Tallow Market - Revenue and Forecast to 2031 (US$ Million)
9.1.2.7.1 Rest of Asia Pacific: Tallow Market Breakdown, by Source
9.1.2.7.2 Rest of Asia Pacific: Tallow Market Breakdown, by End-Use Industry