Increase in demand from downstream industries including personal care and detergent industries, rise in demand for tallow fatty acids in the food and beverage industry, and surge in use of fatty acids in pharmaceutical and chemical industries boost the growth of the global tallow fatty market. On the other hand, labeling and safety regulations for tallow fatty acid products and rise in concerns regarding the health effects of fatty acid's overconsumption restrain the market to certain extent. Nevertheless, growth in demand from emerging markets and development of applications of fatty acid as trans-fat are expected to provide lucrative opportunities to the market players.
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Leading Market players-
• Darling Ingredients, Inc.
• Jacob Stern & Sons Tallow
• SARIA SE & Co. KG
• Parchem
• Ajinomoto Co., Inc.
• Australian Tallow Producers
• Baker Commodities Inc.
• Cargill
• Darling industries,Cailà & Parés
• Vantage Specialty Chemicals Inc.
Covid-19 Scenario:
• The outbreak of the Covid-19 pandemic massively affected the tallow fatty acid market. This is owing to the factors such as lockdown rules & regulations and declined demand from few fast-moving consumer good (FMCG) products.
• However, the government bodies are relaxing the regulations and the market has started to revive. Furthermore, the vaccination drives implemented across various nations are also expected to assist the market to recoup soon.