In 2023, the usage of raw animal fats for non-food purposes in India was recorded at 112.0 thousand metric tons. The forecast from 2024 to 2028 shows a consistent decline from 109.0 to 98.0 thousand metric tons. The year-on-year decreases are approximately 2.75% between 2024 and 2025, 2.83% between 2025 and 2026, 1.94% between 2026 and 2027, and 2.97% between 2027 and 2028. Over this five-year period, the compound annual growth rate (CAGR) stands at -2.67%, indicating a steady downward trend.

Future Trends to Watch:

Sustainability Initiatives: Monitor shifts towards eco-friendly alternatives which might further reduce demand for animal-derived products.
Technological Advancements: Innovations in synthetic substitutes could influence reduction rates more steeply.
Policy Changes: Any regulatory adjustments concerning non-food animal product use could heavily impact forecasts.