BusinesStat gave a forecast for sales of animal fat in Russia

Published 2021년 8월 24일

Tridge summary

A report by BusinesStat predicts a modest annual growth in the sales of animal fat in Russia from 2021 to 2025, despite a temporary market stagnation in 2021 due to decreased consumer demand. The sales are expected to reach 199.9 thousand tons by the end of 2025, with pork fat being the most commonly used animal fat in the food industry. Other fats like beef tallow, lamb fat, and poultry fat are also used for various food products. The sales of all animal fats in Russia saw an annual increase of 7.6-12.7% from 2016 to 2020, totaling 172.9 thousand tons in 2020, which was 38% higher than in 2016, although the growth was not as significant as expected due to the COVID-19 pandemic.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In 2021–2025, sales of animal fat are expected to grow by 0.2–4.1% annually. This is stated in the analytical report of the BusinesStat company, devoted to the analysis of the animal market in Russia (available to ViZh). “The reason for the low growth rate in 2021 will be the reduction in consumer demand in all sectors of the economy, both for food and industrial goods. As a result, the market will stagnate in 2021, ”the analysts of the company explained. In 2022-2025, sales of animal fat will grow at a moderate pace, up to 199.9 thousand tons by the end of the period, according to BusinesStat. In the food industry, pork fat is most often used - both in pure form and as part of protein-fat and water-fat emulsions. Products made directly from pork fat - lard and lard - are very popular. In addition, pork fat is used in the production of cooked and smoked sausages. In 2020, 101.7 thousand tons of pork fat were sold in Russia, which accounted for 58.8% of total sales. ...

Source: Milknews