Tallow Market Size, Growth Factors, Segments & Top Players Analysis Report by 2034

Introduction

Straits Research published report, “Tallow Market Size & Outlook, 2026-2034”. According to the study, the market size is valued at USD 9.92 billion in 2025 and is projected to expand to USD 19.14 billion by 2034, registering a compound annual growth rate (CAGR) of 7.55%.

Market Dynamics

The global tallow market is driven by growing demand for sustainable and natural ingredients across industries. Rising consumer awareness of environmentally friendly and biodegradable products is encouraging manufacturers to adopt tallow in personal care, cosmetics, and industrial applications. Opportunities also lie in developing innovative tallow-based derivatives for high-value sectors, such as specialty chemicals, pharmaceuticals, and advanced lubricants. Moreover, emerging markets with increasing livestock production offer untapped potential, enabling expansion of supply chains and new product formulations to meet evolving demand.

However, the market faces certain restraints, primarily due to environmental concerns associated with livestock production. Raising livestock for tallow contributes significantly to greenhouse gas emissions, deforestation, and high water consumption, drawing scrutiny from regulators and environmentally conscious consumers. As sustainability becomes a key focus, industries are pressured to adopt greener practices, which can limit tallow production.

Market Highlights 

• Animal Source Insights: Cattle or bovine holds the largest share (40%+), while sheep and goat record the fastest CAGR (~7.98%). 
• Applications Insights: The food and beverage sectorholds the largest share (35%+), while the pharma, personal care, and cosmetic segments record the fastest CAGR (~7.87%). 
• Distribution Channel Insights: B2B holds the largest share (55%+), while B2C records the fastest CAGR (~8.12%). 
• Regional Insights: The Asia-Pacific tallow market is dominating with a market share of over 45%, fueled by increasing industrial applications, rising biodiesel production, and growing demand from the personal care and oleochemical sectors.

Competitive Players

1. SARIA SE & Co. KG
2. Darling Ingredients
3. Cargill, Incorporated
4. Ajinomoto Co., Inc.
5. Vantage Specialty Chemicals, Inc.
6. Jacob Stern & Sons Inc
7. Australian Tallow Producers
8. Parchem
9. Baker Commodities Inc.
10. Cailà & Parés
11. Wilmar International Limited
12. Archer Daniels Midland Company (ADM)
13. Bunge Limited
14. IOI Corporation Berhad
15. Louis Dreyfus Company B.V.
16. Ventura Foods
17. AAK AB
18. Ag Processing Inc.
19. Olenex
20. Fuji Oil Holdings Inc.

Recent Developments

Segmentation

1. By Animal Source
   1. Cattle/Bovine
   2. Sheep/Goat
   3. Pig
   4. Other
2. By Applications
   1. Food & Beverage
   2. Animal/Pet Feed
   3. Pharma, Personal Care & Cosmetics
   4. Other Industrial (lubricant, biodiesel, etc.)
3. By Distribution Channel
   1. B2B
   2. B2C
   3. Online Sales
   4. Hypermarkets/Supermarkets
   5. Wholesale Stores
   6. Others (DTC, Convenience Stores, etc.)
4. By Regions
   1. North America
   2. Europe
   3. Asia-Pacific
   4. Latin America
   5. The Middle East and Africa