The forecast for animal fats feed in Australia shows steady growth from 2024 to 2028, starting at 22.0 thousand metric tons in 2024 and reaching 25.0 thousand metric tons by 2028. The year-on-year growth for the next two years exhibits consistent increases of approximately 4.5% from 2024 to 2025 and 4.3% from 2025 to 2026, stabilizing from 2026 onwards. The Compound Annual Growth Rate (CAGR) over the five-year forecast period is around 3.2%, signaling a modest but stable upward trend.
For 2023, actual data is needed to compare, but from the trend, it's evident that the usage of animal fats feed is expected to rise gradually. Future trends to watch for include potential market shifts due to changes in dietary regulations, advancements in alternative feed compositions, and evolving environmental impacts affecting production and consumption patterns.
