In 2023, animal fats losses in the US were at a certain baseline level. From 2024, we see projected minor annual growth in the industry, with values increasing from 187.0 thousand metric tons in 2024 to 190.0 thousand metric tons by 2028. The year-on-year growth rates are relatively consistent, ranging from 0.0% to 0.5% annually. Over the five-year forecast period, the compound annual growth rate (CAGR) indicates a modest average annual increase of approximately 0.4%.
Future trends to watch for include potential shifts in animal product consumption patterns, changes in dietary guidelines, and advancements in fat-alternative technologies, which could impact these projections.
