The import of animal fats, oils, and their fractions not chemically modified to the US is projected to steadily increase from 2024 to 2028. The forecasted growth begins at 447.02 thousand kilograms in 2024, reaching 506.46 thousand kilograms by 2028, marking a consistent upward trajectory. As we observe, the year-on-year growth is stable, reflecting increases each year, while the compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 suggests moderate growth.
Future trends to watch for include:
- Potential shifts in dietary trends influencing demand for animal fats and oils.
- Import policy changes in the US that could impact trade volumes.
- Innovations in alternative sources of fats and oils affecting market dynamics.
