In 2024, the production of animal fats in Malaysia is forecasted to be 377.4 thousand metric tons. This is expected to increase steadily over the next few years, reaching 390.2 thousand metric tons by 2028. The year-on-year percentage variations show a moderate growth rate.
Between 2024 and 2025, there is an increase of 0.87%, followed by 0.88% from 2025 to 2026, 0.81% from 2026 to 2027, and 0.80% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately 0.86%.
Future trends to watch for include potential shifts in consumer preferences towards animal-based products, technological advancements in fat extraction and processing, and the impact of environmental policies on livestock farming practices. These factors could influence the production trends and the overall market dynamics for animal fats in Malaysia.
