The import of machines to process animal or fixed vegetable fats or oils to the US is forecasted to grow steadily from 2024 to 2028. In 2023, the actual import volume stood at approximately 1.92 million kilograms. The projected growth from 2024 to 2028 indicates an average Compound Annual Growth Rate (CAGR) of about 2.5% per year over the five-year period. Factors such as increased domestic processing demand and advancements in technology may be driving this consistent increase.
The following future trends should be monitored:
- Innovations in processing technology that could influence equipment demand.
- Changes in trade policies impacting machine imports.
- Shifts in consumer preferences for plant-based alternatives affecting processing needs.