The forecast for lard production in the US from 2024 to 2028 shows a steady increase from 443.26 to 450.43 thousand metric tons. The year-on-year growth rates are relatively stable, ranging around 0.4% annually. Given that we are in 2024 and the standing production value in 2023 was around 441 thousand metric tons, this indicates a modest upward trend continuing beyond 2024.

Future trends to watch for:

Potential shifts in consumer preferences towards healthier oil alternatives impacting lard demand.
Changes in livestock farming practices affecting raw material availability.
Economic influences such as price fluctuations and trade policies.
Sustainability and environmental regulations possibly affecting production methods.