The animal fats market in Finland demonstrated variable growth from 2014 to 2023, reaching 73.0 thousand metric tons in 2023. Notably, this market saw a significant spike in 2015 with a 37.78% increase, while most other years experienced moderate changes. The average year-on-year variation over the last two years stands at approximately 2.82%, with the five-year CAGR at 2.35%. This suggests steady growth in recent years. Projections from 2024 onwards indicate a continuation of this trend, expecting the market to reach 80.0 thousand metric tons by 2028, with a forecasted five-year CAGR of 1.57%.
Future trends to watch for:
- Increased demand for animal fats in industrial applications
- Shifts in consumer preferences towards sustainable and ethical products
- Potential regulatory changes impacting production and consumption patterns
