In 2023, the raw animal fats feed in the US stood at 578.0 thousand metric tons. Forecasted data from 2024 to 2028 show a steady growth in volume, increasing from 585.0 in 2024 to 613.0 thousand metric tons in 2028. This indicates a consistent year-on-year variation of approximately 1.2%, suggesting a stable demand for raw animal fats feed over the forecasted period. The Compound Annual Growth Rate (CAGR) for the six-year period is approximately 1.2%, reflecting a moderate but steady upward trend.
Future trends to watch for include potential impacts from developments in alternative feed technologies and regulatory changes aimed at sustainability. Additionally, shifts in consumer preferences towards more sustainable animal farming practices may influence the demand for raw animal fats feed. Keeping an eye on these factors will be crucial for stakeholders in this market.
