The import of hydrogenated animal and vegetable fats or oils to the US is forecasted to increase steadily from 2024 to 2028, beginning at $154.22 million in 2024 and reaching $172.01 million by 2028. In 2023, the actual import value was lower, indicating a positive growth trend into the forecasted years. Each year demonstrates a consistent growth in import volume, with the year-on-year percentage increase reflecting a steady rise. The average compound annual growth rate (CAGR) across these five years reflects this upward trend.

Future trends to watch:

Market fluctuations in response to global trade policies and economic conditions.
Advancements in alternatives or substitutes, leading to potential impacts on import demands.
Environmental and health regulations affecting production and import of these products.