Forecast: Lard, Inedible Tallow and Greases Sales in the US

The sales of lard, inedible tallow, and greases in the United States were recorded at approximately 1.8 billion US dollars in 2023. Forecasted data suggests a gradual annual decline from 2024 through 2028. The sales value is expected to slightly reduce each year, demonstrating a consistent downward trend. This results in a cumulative reduction of the market size when considering a compounded annual growth rate over these five years. Such a declining trend highlights a diminishing demand or possible market saturation.

Future trends to watch for:

  • Shifts in consumer preferences toward plant-based alternatives or health-conscious products.
  • Increased regulation regarding animal-based products due to environmental concerns.
  • Potential technological advancements or innovations in product usage or recycling.

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