In 2023, China's demand for animal fats stood at approximately 4.36 million metric tons. Forecasts suggest a slight year-on-year decline: 0.23% in 2024, decreasing consistently to 0.23% in 2028. The compound annual growth rate (CAGR) over 2023-2028 indicates a marginal decrease, reflecting stable yet declining trends.
Future trends to watch for:
- Potential shifts in dietary habits driven by health trends could further affect demand.
- Trade policy changes, especially with key exporting countries, might influence availability and pricing.
- Environmental and sustainability considerations might lead to alternate fat sources entering the market.