Based on the forecasted data, the demand for raw animal fats in Spain shows a consistent decline from 2024 to 2028. The values in thousand metric tons (TMT) are as follows: 215.0 TMT (2024), 208.0 TMT (2025), 202.0 TMT (2026), 196.0 TMT (2027), and 189.0 TMT (2028). The year-on-year variations have been calculated as:
- 2025: -3.26%
- 2026: -2.88%
- 2027: -2.97%
- 2028: -3.57%
The compound annual growth rate (CAGR) over the 5-year period is approximately -3.15%.
Future Trends to Watch: The declining trend in the demand for raw animal fats could be influenced by ongoing shifts towards plant-based diets, regulatory changes promoting healthier eating, and technological advancements in fat substitutes. Monitoring these factors will be crucial for predicting future market movements.
