The forecast for raw animal fats demand in Thailand shows a steady increase from 2024 to 2028, starting at 83.1 thousand metric tons in 2024 and reaching 91.09 thousand metric tons by 2028. Since 2024 data is forecasted, looking back to 2023, the demand stood at 81.2 thousand metric tons. The year-on-year growth from 2023 to 2024 is 2.3%, with incremental increases of approximately 2.48%, 2.37%, 2.27%, and 2.17% in the following years. The average annual growth rate (CAGR) over this five-year forecast period is around 2.28%.

Future trends to watch for:

The impact of changes in dietary habits and health trends on the demand for animal fats.
Shifts in the agricultural and livestock sectors that could affect fat production volumes.
Regulatory changes regarding the use and processing of animal fats in food products.
Technological advancements in fat production and processing efficiency.
Potential growth in alternative fat sources influencing traditional animal fat demand.