The data for 2024 forecasts that the United States leads the Global Raw Animal Fats Feed Share with 80.84 thousand metric tons, significantly higher than other countries. In 2023, the United States saw a 1.22% increase from the previous year, while Germany experienced a decline of -0.33%. Spain and South Korea reported no change, while Belgium decreased by -0.97%. Notably, China and Taiwan exhibited substantial growth at 4.94%, whereas France had the highest increase at 6.96%. Venezuela showed no change year-on-year. Over the last five years, trends suggest the United States and Asian countries like China and Taiwan are exhibiting positive CAGR, indicating robust market growth, whereas European countries are relatively stagnant or declining.
Future trends to watch include the continued growth in the United States and increasing contributions from Asian markets. Monitoring regulatory changes and technological advancements in feed processing will be crucial for assessing future market dynamics. Environmental concerns and sustainability practices may also significantly impact raw animal fat production and utilization in animal feed.
Top countries in Raw Animal Fats Feed Share by Country (Thousand Metric Tons)
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 80.84 | 2023 | +1.4% | +1.22% | View data |
| 2 | 2 Germany | 8.39 | 2023 | -1.64% | -0.33% | View data |
| 3 | 3 Spain | 3.92 | 2023 | 0% | 0% | View data |
| 4 | 4 Belgium | 2.8 | 2023 | 0% | -0.97% | View data |
| 5 | 5 China | 1.96 | 2023 | +7.69% | +4.94% | View data |
| 6 | 6 Taiwan | 1.96 | 2023 | +7.69% | +4.94% | View data |
| 7 | 7 France | 0.98 | 2023 | +16.67% | +6.96% | View data |
| 8 | 8 South Korea | 0.42 | 2023 | 0% | 0% | View data |
| 9 | 9 Venezuela | 0.28 | 2023 | 0% | 0% | View data |
