The demand for animal fats in the United Arab Emirates has exhibited significant variations over the past decade. From an initial 54 thousand metric tons in 2014, the demand peaked at 73 in 2016 and 2017 before plummeting to 48 in 2018. Variations such as a 34.25% decline in 2018 and an 18.48% decrease in 2020 demonstrate considerable volatility. The current demand stands at 54 thousand metric tons in 2023. While the demand saw a slight contraction of 1.82% year-on-year in 2023, the five-year CAGR leading up to it was a healthy 2.38%. However, forecasts suggest a -0.47% CAGR over the next five years, predicting a decline to 52.63 thousand metric tons by 2028.
Future trends to watch for include:
- **Consumer Preferences:** Shifts towards plant-based oils could further impact animal fats demand.
- **Health Trends:** Increasing health consciousness may reduce animal fat consumption in favor of healthier alternatives.
- **Regulatory Changes:** New regulations related to health and food safety might affect production and availability.
- **Economic Factors:** Economic conditions and disposable income levels will play significant roles in consumption patterns.
