The forecast for lard production in Italy shows a steady decrease from 2024 to 2028, with values gradually declining from 185.93 thousand metric tons in 2024 to 182.2 thousand metric tons in 2028. This signifies a gradual drop in production capacities or potential market demand.
- Year-on-year variations reveal a consistent decline, signaling a 0.5% to 0.6% reduction annually over this period.
- The Compound Annual Growth Rate (CAGR) indicates a steady decrease in the average production of lard over the forecasted period.
Future trends to watch for include shifts in consumer preferences toward plant-based alternatives, potential regulatory changes affecting animal-based product production, and the impact of global economic conditions on the livestock industry.
