Forecast: Animal Fats Demand in Malaysia
Based on the forecasted data:
- 2024: 56.56 Thousand Metric Tons
- 2025: 57.02 Thousand Metric Tons
- 2026: 57.47 Thousand Metric Tons
- 2027: 57.91 Thousand Metric Tons
- 2028: 58.34 Thousand Metric Tons
Year-on-Year Variations:
- 2025: 0.81%
- 2026: 0.79%
- 2027: 0.77%
- 2028: 0.74%
The compound annual growth rate (CAGR) over the 5-year period from 2024 to 2028 is approximately 0.78%.
Future Trends
Watch for potential shifts in consumer preferences, government regulations, and international trade agreements that could impact the demand for animal fats in Malaysia. Additionally, the growing focus on health trends and alternative fats could also influence future consumption patterns.
