The forecast for lard sales in the US is set at $629.22 million in 2024, climbing steadily to $658.45 million by 2028. The year-on-year variation shows a consistent growth of approximately 1.2% to 1.1% during this period. With no previous year-to-year data for 2023 provided, comparisons to past actual sales levels are limited. The compound annual growth rate (CAGR) over these five years is projected to be around 1.13%.
Future trends to watch for include shifts in consumer preferences towards plant-based alternatives, potential changes in dietary guidelines, and regulatory impacts focused on health and sustainability. Monitoring these factors will be crucial in understanding long-term market movements.
