The forecasted data for raw animal fats used in non-food applications in Japan shows a gradual decline from 2024 to 2028. In 2023, the value stood at 282.0 thousand metric tons. The forecast suggests a consecutive year-on-year decrease of approximately 0.36%. Over five years (2023-2028), the compound annual growth rate (CAGR) shows an average decline of around 0.35% per year.
Future trends to watch for include:
- Potential shifts towards sustainable, plant-based alternatives impacting demand for animal fats.
- Regulatory changes concerning environmental impacts that could influence production and consumption patterns.
- Technological advancements in the utilization of animal fats in non-food industries.