In 2023, the demand for animal fats in Thailand stood at 112.0 thousand metric tons. Forecasted data from 2024 to 2028 indicate a consistent upward trend in demand, starting at 113.2 thousand metric tons in 2024 and reaching 118.6 thousand metric tons by 2028.
- Year-on-year variations: - 2024: 1.1% - 2025: 1.2% - 2026: 1.1% - 2027: 1.2% - 2028: 1.1%
- CAGR (2024 to 2028): 1.3%
This positive trajectory suggests steady growth in Thailand's animal fats market. Factors contributing to this trend might include an increasing population, changing dietary patterns, or greater industrial use of animal fats. Future trends to watch for involve potential shifts due to health-conscious consumer behavior, innovations in alternative fats, or changes in domestic supply chains.
