The demand for raw animal fats in Canada is expected to grow from 126.63 thousand metric tons in 2024 to 128.91 thousand metric tons by 2028. The year-on-year growth rates are as follows:
- 2025: 0.47%
- 2026: 0.45%
- 2027: 0.45%
- 2028: 0.43%
The compound annual growth rate (CAGR) over the 5-year period from 2024 to 2028 is 0.45%. This indicates a steady but modest increase in demand.
Significant future trends include potential impacts from changing consumer preferences, environmental concerns, and regulations. Monitoring shifts towards plant-based alternatives and sustainability initiatives will be critical for understanding long-term demand trajectories for raw animal fats.
