The demand for raw animal fats in China is forecasted to gradually decline from 2024 to 2028. The projected figures indicate a steady year-on-year decrease in volume, reflecting a shift in consumer preferences or possible advancements in alternative products. In 2023, the actual demand was at 3.87 million metric tons. By 2024, the forecast suggests a contraction to 3.85 million metric tons, continuing to decrease each year. The compound annual growth rate (CAGR) assesses an average yearly decrease, indicating a slight, yet consistent, reduction in demand over these five years.
Future trends worth monitoring include:
- Growth in plant-based and synthetic fat alternatives, potentially influencing traditional fat consumption.
- Policy and regulatory changes related to health and environmental impacts.
- Technological advancements in food processing that might alter raw fat utilization.