The production of animal fats in the United Arab Emirates saw a gradual increase from 9.0 thousand metric tons in 2014 to 11.0 thousand metric tons in 2023, representing a compound annual growth rate (CAGR) of 1.92% over this period. The production remained stable at 11.0 thousand metric tons between 2021 and 2023, indicating no year-on-year growth. The most significant growth occurred between 2015 and 2016 with a year-on-year variation of 10%, followed by a decline of -9.09% in 2018. The forecast for the next five years shows a slight upward trend with a forecasted CAGR of 0.71% and an overall growth rate of 3.59% by 2028, reaching approximately 11.53 thousand metric tons.
Key Future Trends to Watch:
- Technological advancements in animal fat processing.
- Changes in consumer preferences towards healthier fat options.
- Government regulations on animal fat production and health standards.
- Impact of global trade policies on animal fat imports and exports.
