Forecast: Animal Fats Processing in Australia

Based on the data provided, the animal fats processing industry in Australia is forecasted to grow steadily from 79.0 thousand metric tons in 2024 to 94.0 thousand metric tons in 2028. The year-on-year variations are as follows: 2024 to 2025: +5.1%, 2025 to 2026: +3.6%, 2026 to 2027: +4.7%, and 2027 to 2028: +4.4%. The Compound Annual Growth Rate (CAGR) over these five years is approximately 4.5%.

Future trends to watch for include advancements in rendering technologies, increasing demand for sustainable and renewable resources, and potential regulatory changes that could impact production and export markets. The industry’s growth may also be influenced by shifts in consumer preferences and global market dynamics.