The animal fats market in Egypt exhibited fluctuating trends from 2014 to 2023. The volume stood at 84.0 Thousand Metric Tons in 2023, marking a decline of 1.18% YoY. Historical data show variable growth, with significant drops in 2017 (-18.45%) and moderate recovery in 2018 (8.33%). From 2019 onwards, the market saw consistent year-on-year declines, except for minor rebounds in 2021 (4.07%). The last five years averaged a CAGR of -1.59%. The forecasted period from 2024 to 2028 continues this downward trajectory, with a projected CAGR of -1.21%, indicating a gradual decrease in market volume.
Future trends to watch for:
- Potential shifts towards sustainable and plant-based alternatives impacting demand for animal fats.
- Regulatory changes and health trends influencing animal fat consumption.
- Technological advancements in fat processing and utilization.