Year-on-Year Variation:
- 2024 to 2025: 1.70%
- 2025 to 2026: 1.63%
- 2026 to 2027: 1.58%
- 2027 to 2028: 1.52%
Compound Annual Growth Rate (CAGR) 2024-2028: 1.61%
Future Trends:
The increasing demand for animal fats in Chile, projected to grow at an annualized rate of 1.61%, can be attributed to the rising meat consumption and food processing industries. However, shifts towards healthier and plant-based alternatives may impact long-term demand. Monitoring consumer preferences and regulatory changes will be crucial for stakeholders in this market.
