The demand for raw animal fats in India is projected to decline from 149.0 thousand metric tons in 2024 to 137.0 thousand metric tons in 2028, showing a consistent decrease over the years. This represents an approximate annual decline of around 2% over this five-year period. In context, this aligns with a consumer shift towards alternative sources of fats and oils, possibly driven by health trends or vegan movements.
Future trends to watch for include:
- Growing awareness and preference for plant-based oils due to health concerns and environmental impact.
- Potential market shifts influenced by changing dietary patterns and government policies promoting sustainable practices.
- Technological advancements in fat replacement or enhancement products which could sway consumer preferences.