The animal fats market in Denmark has experienced a general decline in volume from 2014 to 2023. Starting at 133.0 thousand metric tons in 2014, the market has seen fluctuations, such as a notable decrease of 6.02% year-on-year in 2015, and a modest increase of 5.69% in 2017. However, the overall trend points toward a steady decline, evident in the year-on-year decrease of 0.83% and a CAGR of -0.33% by 2023.
Trends over the last five years exhibit a consistent decrease, further emphasized by a forecasted average annual decline (CAGR) of -0.51% leading up to 2028, equating to a total forecasted reduction of 2.54% over five years.
Future trends to watch for include:
- The impact of alternative fats and oils gaining market share as consumers shift towards healthier options.
- Potential regulatory changes and sustainability concerns affecting production and consumption patterns.
- Technological advancements in fat extraction and processing improving efficiencies and reducing costs.
