The Austrian animal fats market saw varied trends from 2014 to 2023, starting at 138.0 thousand metric tons in 2014 and gradually increasing to 157.0 thousand metric tons in 2023. There was a notable fluctuation, with a decline in 2015 by -0.72%, then an increase in 2016 by 4.38%, and steady growth trends in the following years. The most recent year-on-year variation for 2023 stood at 0.64%. The Compound Annual Growth Rate (CAGR) over the last five years was 0.52% up to 2023.
From 2024 onwards, the market is forecasted to continue its growth, reaching 162.0 thousand metric tons by 2028, with an expected five-year CAGR of 0.5% and a total growth rate of 2.53%. Key future trends to watch include the impact of sustainability practices, shifts in consumer preferences towards alternative fats, and regulatory changes in the food industry.
