The consumption of animal fats feed in Indonesia has shown a steady increase from 12.0 Thousand Metric Tons (TMT) in 2014 to an estimated 19.0 TMT in 2023, reflecting a 5.56% year-on-year (YoY) increase for 2023. The compound annual growth rate (CAGR) over the last five years is projected at 2.25%. Significant YoY variations include a 41.67% increase in 2017.
Looking ahead, the forecast projects a continuous gradual increase, reaching 21.0 TMT by 2028, with a forecasted 5-year CAGR of 2.02% and a growth rate of 10.53%. Future trends to watch include the impact of agricultural advancements, government policies, and global market fluctuations affecting the animal feed industry.
