In 2023, animal fats production in Vietnam stood at 285.0 thousand metric tons. Forecasts indicate a gradual increase in production, reaching 286.0 thousand metric tons in 2024 and continuing to 292.0 thousand metric tons by 2028. This reflects a year-on-year growth rate of approximately 0.35% to 0.69% over the forecasted period, with a five-year CAGR of about 0.49%.
Future trends to watch for include advancements in livestock farming practices, changes in domestic consumption patterns, and adherence to international trade regulations affecting animal fats export potential. Focus on sustainable production methods could further impact the market dynamics.
