The animal fats market in Saudi Arabia exhibited fluctuations over the past decade, starting at 128.0 thousand metric tons in 2014 and reaching 153.0 thousand metric tons in 2023. Notable year-on-year variations included a significant increase of 18.32% in 2016 and a substantial drop of 16.44% in 2020. From 2019 to 2023, the market showed recovery with an average annual growth rate (CAGR) of 0.94%. The forecast predicts a steady yet modest growth rate of 0.69% CAGR from 2024 to 2028, reaching a forecasted volume of 159.93 thousand metric tons in 2028.
Future trends to watch for include increased demand for animal fats in food processing and industrial applications, potential impacts of health trends shifting towards plant-based diets, and regulatory changes influencing the production and consumption of animal fats in Saudi Arabia.
