The forecast for animal fats demand in South Korea shows a consistent upward trend from 2024 to 2028:
- 2024: 298.0 thousand metric tons
- 2025: 302.0 thousand metric tons
- 2026: 306.0 thousand metric tons
- 2027: 310.0 thousand metric tons
- 2028: 314.0 thousand metric tons
The year-on-year variation percentages are as follows:
- 2025: 1.34%
- 2026: 1.32%
- 2027: 1.31%
- 2028: 1.29%
The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 1.31%.
As demand for animal fats in South Korea steadily increases, it will be important to monitor factors such as shifts in dietary trends, advancements in food technology, and regulatory changes impacting the food industry. These elements could influence future demand and provide new opportunities or challenges for market stakeholders.
