The raw animal fats feed market in China has seen substantial growth from 2014 to 2023, increasing from 3.0 to 14.0 thousand metric tons. The most notable growth occurred in 2015 with a steep rise of 133.33%. In contrast, there was a decline of 14.29% in 2016. From 2017 onward, the market experienced steady growth, with values rising to 10.0 thousand metric tons in 2017 and reaching 14.0 thousand metric tons in 2023. The last two years showed stable year-on-year growth rates of 8.33% and 7.69%, with a 5-year CAGR of 4.94% from 2019 to 2023.
Forecasts for the next five years predict continued growth with the market reaching 17.0 thousand metric tons by 2028, exhibiting a forecasted 5-year CAGR of 3.96% and an overall growth rate of 21.43% over this period.
Future trends to watch for:
- Potential changes in feed regulations impacting raw animal fats usage.
- Technological advancements improving the efficiency of animal fat processing.
- Shifts in consumer preferences towards more natural and high-quality feed ingredients.
- Environmental and sustainability factors influencing production methods.
