Tallow Oil Market expected to Grow at a CAGR of 6.34% by 2032
According to ChemAnalyst report, “ Global Tallow Oil Market Analysis: Industry Market Size, Demand & Supply, End-User Industries, Demand by Type, Sales Channel, Regional Demand 2015-2032” The Tallow Oil market witnessed steady growth in the past years and is estimated to reach a market volume of 60 thousand tonnes with a CAGR of 6.34% until 2032. The demand for tallow oil is predicted to rise throughout the forecast period due to the widespread use of tallow oil as a feedstock for making biodiesel as an alternative to conventional fossil fuels. Animal carcasses are rendered to create tallow oil, a type of animal fat. The majority of crude fats are triacylglycerols. While other animal fats may also be available, rendered beef tissue, mutton, and lamb serves as the main sources of tallow. Tallow is currently used in the production of fuel, fatty acid manufacturing, animal feed, as well as minor amounts of soap, lubricants, paint, and varnish. Tallow oil as soap base is a sustain...