In the United Arab Emirates, the per capita consumption of animal fats for the year 2023 stood at X kilograms. Forecast data reveals a consistent decline from 2024 to 2028: starting at 4.64 kilograms per capita in 2024, gradually decreasing to 4.42 kilograms per capita by 2028. This trend outlines a steady decline in animal fats consumption over the five-year period.
Year-on-year variations indicate:
- From 2024 to 2025, there is a decrease of 1.29%.
- From 2025 to 2026, the decline is 1.09%.
- From 2026 to 2027, the consumption drops by 1.32%.
- From 2027 to 2028, the reduction is 1.12%.
The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately -1.18%, showing a steady yearly decline in animal fat consumption per capita.
Future trends to watch for in the animal fats market include potential shifts towards healthier dietary fats and increased consumer awareness regarding animal fats’ health impacts. Additionally, market dynamics such as import-export regulations, changes in supply chain efficiencies, and dietary trends among younger demographics might further influence the consumption patterns of animal fats in the UAE.
