The forecast for animal fats residuals in Canada from 2024 to 2028 suggests a steady increase from 54.0 to 59.0 thousand metric tons. This series indicates a consistent growth year-on-year, with a noticeable rise of around 3.7% annually from 2024 onwards. It’s essential to highlight that in 2023, the actual data showed 52.0 thousand metric tons, marking a stable upward trend. Over the five-year forecast period, the compound annual growth rate (CAGR) mirrors this steady ascent, projecting continued demand or usage increases for animal fats residuals.
Future trends to watch for include advancements in renewable energy applications, dietary or health-driven shifts impacting animal product consumption, and regulatory changes in waste management practices. Monitoring these factors will be crucial for adapting strategies in the animal fats sector.
