| Year | Value (Thousand Metric Tons) | Year-on-Year Variation (%) |
|---|---|---|
| 2024 | 27.0 | - |
| 2025 | 29.0 | 7.41% |
| 2026 | 30.0 | 3.45% |
| 2027 | 32.0 | 6.67% |
| 2028 | 33.0 | 3.13% |
Analysis
The compound annual growth rate (CAGR) over the forecasted period from 2024 to 2028 is approximately 5.13%. Overall, there is a consistent upward trend in the stock of animal fats in Canada.
Future Trends to Watch
Future trends to monitor include potential impacts of dietary shifts, regulatory changes in animal farming, and advancements in alternative fat sources which could affect supply and demand dynamics in the animal fats market.
