In 2023, the production of animal fats in India stood at 460.23 Thousand Metric Tons. Forecasted data from 2024 to 2028 predict a steady year-on-year growth in production:
Year-on-year variations:
- 2024: +2.00%
- 2025: +1.17%
- 2026: +1.13%
- 2027: +1.10%
- 2028: +1.07%
The Compound Annual Growth Rate (CAGR) over the forecasted five-year period averages to approximately +1.29% per year.
Future trends to watch for include potential shifts in domestic and global demand, advancements in production technology, changes in regulatory policies affecting the agricultural and meat-processing sectors, and evolving consumer preferences toward plant-based alternatives. These factors could significantly impact the forecasted production levels of animal fats in India.
