At 5.9% CAGR, South & Central America Tallow Market is Projected to be Worth US$ 2,033.98 Million by 2031, says Business Market Insights

According to Business Market Insights’ research, the South & Central America tallow market was valued at US$ 1,287.99 million in 2023 and is expected to reach US$ 2,033.98 million by 2031, registering a CAGR of 5.9% from 2023 to 2031. Natural beauty trend boost tallow-based skin care products and surging demand for biofuel are among the critical factors attributed to drive the South & Central America tallow market growth.

Skincare enthusiasts are seeking products containing natural ingredients with enough nutrient availability, one of which is tallow. Owing to the increasing awareness about the adverse effects of synthetically prepared cosmetic and personal care products, many consumers are opting for products made from ingredients closer to nature. Beef tallow contains nutrients such as essential fatty acids, vitamins, and antioxidants that are suitable to hydrate, nourish, and rejuvenate skin. Moreover, natural beauty enthusiasts often want to avoid harsh chemicals in commercial skincare products. Ethical and sustainable choices are at the forefront of natural beauty trends. Many tallow-based skin products are labeled grass-fed. Some are marketed as ethical or sustainable. Furthermore, promotional videos on YouTube and celebrity promotions on Instagram, Twitter, Facebook, TikTok, and other social media platforms propel the demand for natural skin care products across the world. Beef tallow-based skin care products are trending on TikTok. For instance, on TikTok, #beeftallow has more than 3K posts, and #beeftallowskincare has more than 1.3K. Also, @maggieroseadvocate, a TikToker with 343.7K followers, praises the tallow-based balm for being rich in vitamins E, A, D, K, and omega-3 and omega-6 fatty acids. Such social media influence can contribute to the growing demand for tallow-based skin care products. Thus, the increasing preference for beauty products made from natural ingredients is expected to create a new trend in the South & Central America tallow market during the forecast period.

On the contrary, the availability of alternatives hampers the growth of South & Central America tallow market.

By source, the South & Central America tallow market is segmented into beef, sheep, and others. The beef segment held 87.0% share of South & Central America tallow market share in 2023, amassing US$ 1,121.19 million. It is projected to garner US$ 1,756.97 million by 2031 to register 5.8% CAGR during 2023–2031.

In terms of end-use industry, the South & Central America tallow market is segmented into food & beverages, personal care & cosmetics, lubricants, biofuel, animal nutrition, and others. The biofuel segment held 34.4% share of South & Central America tallow market share in 2023, amassing US$ 442.54 million. It is projected to garner US$ 684.69 million by 2031 to register 5.6% CAGR during 2023–2031.

Based on country, the South & Central America tallow market is categorized into Brazil, Argentina, and  the Rest of South & Central America. Our regional analysis states that Brazil captured 84.3% share of South & Central America tallow market in 2023. It was assessed at US$ 1,086.29 million in 2023 and is likely to hit US$ 1,707.32 million by 2031, registering a CAGR of 5.8% during 2023–2031.

Key players operating in the South & Central America tallow market are Cargill Inc, Dalian Daping Oil Chemicals Co. Ltd, FASA Group, Jacob Stern & Sons Inc, Minerva SA, and Targray Technology International Inc., among others.

• In April 2021: Cargill and their affiliates have entered into a unique 50/50 joint venture to produce and market renewable diesel - a green fuel experiencing strong, rising demand. The joint venture is called Heartwell Renewables and will result in the construction of a new production plant and more than 50 jobs in Hastings, Nebraska. The plant will have the ability to produce approximately 80 million gallons annually of renewable diesel.
• In October 2020: Dalian Daping Oil Chemicals Co. Ltd expanded its production line of several fatty acid and oil products, including stearic acid, high iodine value acid, soybean oleic fatty acid, tall oleic fatty acid, antiwear agent, tallow distilled fatty acids, plant pitch/residues. These products are widely used in several industries, including paint, chemical, flotation agents, and collecting agents.

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