In 2023, the raw animal fats market size in Indonesia stood at 45.00 thousand metric tons. Based on forecasts, the market is expected to grow incrementally from 45.39 thousand metric tons in 2024 to 46.69 thousand metric tons by 2028. This represents a steady year-on-year increase of approximately 0.8% to 0.7% over the forecast period. The Compound Annual Growth Rate (CAGR) over the next five years is projected to be around 0.77%.
Future trends to watch for include potential shifts in dietary preferences toward plant-based fats, which may affect demand for raw animal fats. Additionally, regulatory changes and advancements in alternative fats technology could also influence market dynamics. Monitoring these trends will be crucial for stakeholders in this market.
