The forecasted data shows a declining trend for the per capita consumption of raw animal fats in Australia. The volume is anticipated to drop from 1.36 kg in 2024 to 1.27 kg by 2028. The year-on-year variation percentages are as follows:
- 2025: -1.47%
- 2026: -1.49%
- 2027: -2.27%
- 2028: -1.55%
The Compound Annual Growth Rate (CAGR) over the last five years from 2024 to 2028 is approximately -1.72%.
Future trends to watch in the raw animal fats market include increasing consumer preferences toward plant-based oils due to health concerns and environmental awareness, and regulatory changes impacting production and consumption patterns. Monitoring these factors can provide insights into how the market might adjust beyond 2028.
