elianagrace26

Corporate Sales Specialist

30 North Gould Street, Sheridan, WY 82801

10.24.2021

With the increasing use of lard as bread spreads in the baking industry, the global animal fat market is being propelled by a rise in demand from the food service sector. The market for animal fat has grown rapidly due to increased demand from downstream industries such as biodiesel, poultry, oleochemicals, and pet food. Consumers in rapidly rising regions such as the Asia Pacific are showing preference for lard over butter in baked goods, which is boosting demand for animal fat. Lard, a form of animal fat, is used in the feed and oleochemicals industries. The demand for lard (as a bread spread) in the German baking industry is increasing, boosting the market growth. On a half-yearly basis, food companies, especially those in the bakery industry, procure lard to be used as a butter substitute in quantities ranging from 500 to 600 million tonnes. The demand for tallow, which is used in animal feed and biodiesel, is increasing, which is boosting the animal fat industry.

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