In 2023, India's production of raw animal fats stood at approximately 199 thousand metric tons. From 2024 to 2028, the forecasted data indicates a marginal decline from 198.93 to 198.76 thousand metric tons. The year-on-year variation from 2024 to 2025 is a minimal decline of 0.02%, and this steady slight decrease is projected to continue through 2028. The Compound Annual Growth Rate (CAGR) for this period shows an insignificant average annual decrease, reflecting a stable yet slightly declining trend.
Future trends to watch for include potential shifts in consumer preferences toward plant-based and synthetic alternatives. This could influence production levels and demand for raw animal fats. Monitoring policy changes on sustainability and animal welfare standards will also be crucial as they could impact industry dynamics in the coming years.
