Lard Market Intelligence

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Subscription Benefits:

  • PRO access to New Beroe LiVE*
  • Unlimited updates on the Report*
  • Supplier Watchlist for 3 suppliers*
  • Supplier Shortlisting Tool*

With this purchase you will be subscribed for a 12-month PRO membership to the upcoming all new Beroe LiVE (launching in Q3, 2020)

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*These features will be unlocked on the new Beroe LiVE when it launches (Q3, 2020)

Are you looking for answers on Lard category?

Are you looking for answers on Lard category?

  • What are the key trends in Lard category?
  • Am I paying the right price?
  • Am I working with the right supplier?
  • What are the major challenges and risks in Lard industry?
  • How is Lard industry performing?

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Report Coverage

  1. Global Lard Market
  2. Cost Savings-Based on Contract Structures
  3. Market Analysis-Lard
  4. Pricing Analysis

Production Size

Global Production Size

8.7 MMT

USA

0.51 MMT

Germany

0.89 MMT

China

2.78 MMT

Table of Contents

  1. Executive Summary
  2. Supply–Demand and Prices
  3. Global Lard Market
  4. Contract Structures by Industry and Price Benchmarking
  5. Cost Savings-Based on Contract Structures
  1. Market Analysis-Lard
  2. Global Market Outlook
  3. Regional Market Outlook (Germany, U.S., China)
  1. Industry Analysis-Lard Slides 34 – 35
  2. Industry Outlook
     
  1. Pricing Analysis-Lard Slides 36 - 37
  2. Price Analysis (EU)
  1. Purchasing Process Slides 38 - 41
  2. RFP/RFI Questionnaire

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Lard Global Market Outlook:

  • Global Fat Supply (2019/2020E): 231.5 MMT
  • Global Lard Production (2019/2020E): 8.7 MMT

Key Supply Constraints/Drivers for Lard: ~1.8 percent rise in CAGR by volume over five years, due to demand from the bakery sector

Porter's Analysis on Lard 

Supplier Power

  • Pig farmers are the suppliers of pigs for slaughter and rendering into lard
  • Most major lard suppliers are either vertically integrated or contract pig farmers to ensure sustained supply
  • Due to the relative abundance of pig farmers in major lard producing countries, supplier power is low

Barriers to New Entrants

  • The US and EU lard markets are fairly consolidated by key suppliers, like Darling Ingredients, Ten Kate, and Saria Industries
  • The Asian market could be more fragmented, but acquisitions and mergers by top suppliers are also likely to take place
  • The Asian market represents the region with the most potential for entry of new suppliers; so, barriers to entry are moderate

Intensity of Rivalry

  • The primary end-use of lard is in the food industry, particularly for baking, as a cooking fat or spread for breads
  • Lard is also utilized as biodiesel, but this application is limited
  • Supply of lard for the food industry is high, due to high pork demand, the former being a by-product of the latter
  • There can be competition between different buyers within the bakery industry, but intensity of rivalry is low

Threat of Substitutes

  • Butter and oils are substitutes for lard within the food industry
  • Several crops, like soybean and animal fats like tallow, white choice grease, and others, are substitutes for lard as biodiesel feedstock
  • Lard accounts for only ~4.1 percent of fats and oils produced globally

Buyer Power

  • Supplier market for lard is fairly consolidated in the US and EU
  • The availability of substitutes for lard in addition to potential fragmented suppliers in APAC weakens the supplier power
  • Buyer power can be considered moderate

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