The animal fats stock in India is forecasted to show a steady decline from 2024 to 2028. In 2023, the stock stood at 12,000 Metric Tons. The forecast predicts a consistent reduction by 1,000 Metric Tons every two years. Year-on-year, the stock is anticipated to decrease approximately 7.69% in 2026 compared to 2025 and by 7.14% in 2028 compared to 2027. Over the five-year period from 2024 to 2028, the Compound Annual Growth Rate (CAGR) is an average decline of around 4.35% per year.
Future trends to watch for include:
- The impact of increasing demand for plant-based fats and oils.
- Government policies affecting animal fat production and trade.
- Technological advancements in the production and preservation of animal fats.
- Environmental and ethical concerns that might influence consumer preferences.
