The forecast for per capita animal fats supply in Canada shows a steady decline from 2024 to 2028, starting from 22.58 grams in 2024 and gradually decreasing to 22.13 grams by 2028. This represents a compound annual growth rate (CAGR) of approximately -0.50% over this five-year period. The consistent year-on-year reduction suggests a modest yet continuous shift away from animal fats consumption.
Future trends to watch:
- Potential increases in consumer preferences for plant-based diets could further reduce animal fat consumption.
- Health-related concerns and dietary changes might amplify the decreasing trend.
- Technological advancements in food alternatives could influence supply and demand dynamics.