Animal Fat Market by Type (Butter, Tallow, Lard, and Others (Poultry Fat)), by Application (Biodiesel, Food, Animal Feed, Oleochemicals, and Others (Energy)), by Region – Global Share and Forecast to 2027
NEWARK, N.J., Feb. 22, 2022 /PRNewswire/ The Brainy Insights launched a study titled Fats & Oils Market Size by Type (Fats (Butter, Lard, Tallow, and Specialty Fats) and Oils (Vegetable oil
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Global Fats and Oils Market to Reach $307 Billion by 2027
Amid the COVID-19 crisis, the global market for Fats and Oils estimated at US$ 228.6 Billion in the year 2020, is projected to reach a revised size of US$ 307 Billion by 2027, growing at a CAGR of 4.3% over the period 2020-2027.
Liquid, one of the segments analyzed in the report, is projected to record 4.7% CAGR and reach US$ 206.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Solid segment is readjusted to a revised 3.5% CAGR for the next 7-year period.