The forecasted demand for animal fats in Spain shows a gradual decline from 2024 to 2028. The year-on-year variations are as follows:
- 2025: -0.99%
- 2026: -1.25%
- 2027: -1.01%
- 2028: -1.02%
The Compound Annual Growth Rate (CAGR) over the next five years is -1.08%, indicating a steady decline in animal fats demand.
Future Trends to Watch:
Factors such as advancements in plant-based alternatives, shifts towards healthier lifestyles, and policy changes advocating for reduced animal-fat consumption could potentially accelerate the declining trend. Monitoring technological innovations and consumer preferences will be crucial for predicting future demand accurately.
