The Animal Fats market in Kenya stood at 53.0 Thousand Metric Tons in 2023, reflecting no year-on-year growth since 2022. Over the last five years, the Compound Annual Growth Rate (CAGR) averaged -0.37%, indicating a slight decline. Historically, the market showed fluctuations with notable year-on-year variations: -7.41% in 2015, 8% in 2016, -7.41% in 2017, and 8% in 2018. Forecasts from 2024 to 2028 suggest a continued marginal decline, with a 5-year forecasted CAGR of -0.02%, leading to an anticipated market size of 52.92 Thousand Metric Tons by 2028.
Future trends to watch for include:
- Potential shifts in consumer preferences towards plant-based fats.
- Regulatory changes impacting animal fat production and consumption.
- Technological advancements in fat processing and its impact on production efficiency.
