In 2023, the consumption of animal fats for non-food uses in Canada stood at an estimated 36.0 thousand metric tons. The forecast indicates a gradual decline from 35.0 thousand metric tons in 2024 to 32.0 thousand metric tons by 2028, reflecting a compound annual growth rate (CAGR) of -2.31% over five years. Year-on-year variations show a consistent 1-thousand-metric-ton drop annually, indicating a persistent downward trend that suggests shifting preferences or reduced demand.
Future trends to watch for include:
- Potential development in alternative non-food materials which could further impact demand.
- Environmental and regulatory factors influencing the production and application of animal fats.
- Technological advancements that could alter the industry's landscape or create new market opportunities for animal fats.
