The forecasted data for Thailand's raw animal fats market indicate a steady increase from 82.1 thousand metric tons in 2024 to 90.1 thousand metric tons in 2028. The market volume in 2023 was 80.0 thousand metric tons, showing a clear upward trajectory. The year-on-year analyses show a variation of approximately 2.6% annually over the last two years and a CAGR of 2.4% over the five years leading up to 2028.
Future trends to watch for include:
- Impact of dietary shifts and consumer preferences on demand for raw animal fats.
- Regulatory changes pertaining to animal fat production and consumption.
- Technological advancements in fat extraction and processing methods.
- Global economic factors influencing import-export dynamics.