The global demand for animal fats shows variations, with the United States and China having the largest shares. In 2023, the U.S. demand rose modestly by 0.7%, while China saw a slight 0.17% decline. Germany and Russia also experienced declines, whereas France and Vietnam saw notable increases of 1.1% and 1.14%, respectively. Canada's demand dropped by 1.25%, and Ukraine faced a significant decline of 3.38%. Many smaller markets like Chile and Panama experienced significant growth.
Future trends to watch include the growing demand in emerging markets like Vietnam and the Philippines, driven by increasing population and dietary shifts. Advanced economies may see slower increases or declines as plant-based alternatives grow in popularity. Market dynamics in countries like Canada and Ukraine should be monitored for potential recovery or further declines.
Top countries in Animal Fats Demand Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 18.57 | 2023 | +0.83% | +0.7% | View data |
| 2 | 2 China | 17.53 | 2023 | -0.21% | -0.17% | View data |
| 3 | 3 Germany | 7.77 | 2023 | +0.1% | -0.021% | View data |
| 4 | 4 Russia | 4.21 | 2023 | -0.29% | -0.25% | View data |
| 5 | 5 France | 3.94 | 2023 | +1.14% | +1.1% | View data |
| 6 | 6 Brazil | 3.82 | 2023 | +0.85% | +0.73% | View data |
| 7 | 7 Poland | 3.33 | 2023 | +1.1% | +1.02% | View data |
| 8 | 8 Belgium | 2.16 | 2023 | +0.94% | -0.55% | View data |
| 9 | 9 Mexico | 2.16 | 2023 | -0.19% | +0.11% | View data |
| 10 | 10 Canada | 1.98 | 2023 | -1.01% | -1.25% | View data |
