In France, the animal fats market volume stood at 978.0 thousand metric tons in 2023, with a steady growth observed over the past years. From 2014 to 2023, the market witnessed fluctuations with notable year-on-year variation, peaking in 2016 at 18.89% and touching a low in 2015 at -5.84%. Recent years show incremental growth with a CAGR of 1.12% over the past five years. The forecast projects the market reaching 1030.0 thousand metric tons by 2028, indicating a forecasted five-year CAGR of 0.82% and a total five-year growth rate of 4.15%.
Future trends to watch for include:
- Shifts in consumer preferences towards plant-based alternatives.
- Potential regulatory changes impacting animal fat production and usage.
- Technological advancements in fat processing and utilization.
