In 2023, the demand for raw animal fats in Sweden stood at 40.0 Thousand Metric Tons. Observing the forecasted data from 2024 to 2028, we see a consistent year-on-year increase: 2024 (+7.5%), 2025 (+6.98%), 2026 (+4.35%), 2027 (+4.17%), and 2028 (+4.0%).
The Compound Annual Growth Rate (CAGR) over this five-year period is projected to be approximately 5.4%.
Future trends to watch for include shifts in consumer preferences towards plant-based or synthetic alternatives, potential regulatory changes affecting production, and advancements in sustainable practices within the animal fats industry. Monitoring these factors can provide insights for strategic decision-making in this evolving market.