Year-on-Year Variations:
- 2024 to 2025: ((3.75 - 3.72) / 3.72) * 100 ≈ 0.81%
- 2025 to 2026: ((3.78 - 3.75) / 3.75) * 100 ≈ 0.80%
- 2026 to 2027: ((3.81 - 3.78) / 3.78) * 100 ≈ 0.79%
- 2027 to 2028: ((3.84 - 3.81) / 3.81) * 100 ≈ 0.79%
Compound Annual Growth Rate (CAGR) from 2024 to 2028:
(((3.84 / 3.72)^(1/4)) - 1) * 100 ≈ 0.80%
Future Trends to Watch:
The steady annual growth in the demand for raw animal fats in the US, averaging around 0.80% per year, indicates a stable market. Future trends could be impacted by shifts in dietary patterns, advancements in alternative fat sources, and changes in regulations or industry practices regarding animal by-products. Monitoring these factors will be essential for accurately forecasting future demand.
