The global animal fats feed market shows significant variations across different countries. In 2023, Egypt led the market with 590.0 thousand metric tons, marking a 4.21% year-on-year growth. The United States followed closely with 578.0 thousand metric tons and a 1.22% increase. Other top contributors included Tunisia, Lithuania, and Costa Rica, with notable year-on-year fluctuations of 5.41%, 5.13%, and -0.33%, respectively. Fiji saw a significant 6.88% rise, while countries like Mauritius and Iran experienced declines of -2.14% and -8.13% respectively. On a five-year CAGR perspective, the market has displayed diverse growth trajectories across various regions.
Future trends to watch for in the global animal fats feed market include:
- Potential for market stabilization in countries with declining trends.
- Continued growth in emerging markets such as Vietnam, which saw a significant increase of 20.11% in 2023.
- Technological advancements and sustainability initiatives that could impact production and consumption patterns in countries like Brazil and India.
Top countries in Animal Fats Feed by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Egypt | 590 | 2023 | +3.87% | +4.21% | View data |
| 2 | 2 United States | 578 | 2023 | +1.4% | +1.22% | View data |
| 3 | 3 Tunisia | 540 | 2023 | +4.85% | +5.41% | View data |
| 4 | 4 Lithuania | 384 | 2023 | +4.63% | +5.13% | View data |
| 5 | 5 Costa Rica | 296 | 2023 | -0.34% | -0.33% | View data |
| 6 | 6 Fiji | 279 | 2023 | +5.28% | +6.88% | View data |
| 7 | 7 Mauritius | 272 | 2023 | -3.2% | -2.14% | View data |
| 8 | 8 Philippines | 195 | 2023 | -1.02% | +0.95% | View data |
| 9 | 9 Chile | 185 | 2023 | +2.21% | +2.31% | View data |
| 10 | 10 Hungary | 154 | 2023 | -3.14% | -2.86% | View data |
