The Danish Rendered Lard and Other Pig Fat market has experienced a decline in volume per capita from 14.74 kilograms in 2013 to 6.14 kilograms in 2023. This represents a significant decrease over the past decade. The year-on-year decrease from 2022 to 2023 was approximately 11.78%, while from 2021 to 2022, it was about 10.63%. Over the last five years, the compound annual growth rate (CAGR) shows an average annual decrease of roughly 7.90%, illustrating a sustained downward trend.
Future trends to watch for include:
- Potential shifts in dietary preferences towards plant-based fats.
- Changes in the livestock farming industry affecting pig fat availability.
- Impact of health and wellness trends on consumer choices.
