The import of animal fats, oils, and their non-chemically modified fractions into Canada is set to grow consistently from 2024 to 2028, with values increasing from 52.48 million kilograms in 2024 to 62.488 million kilograms by 2028. Assuming the volume in 2023 was slightly less than in 2024, the upward trend suggests a robust demand in this sector. The compound annual growth rate (CAGR) over this period is notable, indicating steady market expansion.
Key Future Trends to Watch:
- Impact of sustainability and eco-friendly practices on import volumes.
- Shifts in consumer preferences toward plant-based alternatives.
- Influence of trade policies and tariffs on import costs and volume.
- Innovation in production technologies affecting supply chain dynamics.
