Lard is a by-product of the hog industry. Its production is conditioned upon the production of pork. The demand for pork impacts the amount of lard production more than the demand for lard. As a result, the product of lard follows closely changes in hog slaughter irrespective of the specific market situation of lard. The lard yield may vary from 9 to 19 percent of the live weight of the hog. In the slaughtering and dressing process, about 9 to 12 percent of the live weight emerges as lard. The dependence of the supply of lard upon the supply and demand situation of the pork is undoubtedly one of the most important technical factors determining the economic position of lard.
In previous years, researchers have experimented with the hydrogenation of lard. By hydrogenation, the firmness and texture can be improved considerably and the melting point raised. These properties give it distinct benefits when sold in the southern countries, where the climate is hot. The preservation quality is greatly advanced since hydrogenation reduces the rate of decay. Furthermore, hydrogenated lard is odorless and of a neutral flavor. This gives it influence in some consuming centers, while it tends to be a disadvantage in others. In general, hydrogenated lard has many characteristics similar to those of lard substitutes. As a result, its production is primarily dependent upon the price relation that controls between lard and cottonseed oil, the chief raw material in manufacturing lard substitutes.
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The report has segregated the global lard market based on type, end-user, distribution channel, and region. In terms of type, the global lard market can be classified into oil, soap, butter, cream, and others. In terms of the end-use industry, the market is divided into the pharmaceutical industry, food & beverage industry, and cosmetic industry. Based on the distribution channel, the global lard market can be bifurcated into offline and online. The offline segment can be sub-divided into specialty stores, hypermarkets & supermarkets, and departmental stores. The online segment is sub-segmented into company-owned websites and e-Commerce portals.
Key players operating in the global lard market include La Fontana Ermes S. p. A. OTTO SCHACHINGER GES.M.B.H., COOPECARN GIRONA, S.L.U., SALUMI BENVENUTI S.R.L., Nortech Foods Limited, HIJOS DE J. CASAPONSA, S.A., and PIERMEN B.V, among others. These market competitors are centered on the selection of business strategies such as mergers and acquisitions and geographical expansion. Furthermore, market players are more focused on product development and enhancement to have a competitive advantage over others.
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