The Animal Fats Market in Mexico experienced fluctuations from 2014 to 2023. The volume stood at 334 thousand metric tons in 2023, reflecting a stable market with minimal year-on-year variation of 0% and a low CAGR of 0.3%. Notable trends include a significant drop in 2020 by 16.75% linked to broader economic challenges, followed by a sharp recovery in 2021 with a 20.84% increase.
Future trends to watch for:
- Steady growth forecasted with a CAGR of 0.21% for the next five years.
- Focus on sustainable and alternative animal fat sources.
- Potential regulatory changes affecting the production and consumption patterns in the market.