In 2023, animal fats production in Thailand stood at 62.5 thousand metric tons. Based on forecasted data, the production is projected to decrease to 61.0 thousand metric tons in 2024. A continuous decline is expected over the following years, reaching 58.1 thousand metric tons by 2028. The year-on-year variation percentages show a decline, with production decreasing by 1.15% from 2024 to 2025, 1.33% from 2025 to 2026, 1.18% from 2026 to 2027, and 1.19% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over the five years from 2024 to 2028 is projected to be approximately -1.5%.
Future trends to watch for include the impact of declining livestock numbers, evolving dietary trends favoring plant-based fats, and potential government regulations aimed at reducing animal fat production for health and environmental reasons. Monitoring these trends could offer insights into the factors driving the forecasted decline in Thailand's animal fats production.
