The forecast for sold production of machinery for the extraction or preparation of animal or vegetable fats or oils in the UK indicates a steady decline from 2024 to 2028. Starting at approximately 3.05 million Euros in 2024, the value is expected to decrease annually, reaching around 2.55 million Euros by 2028. This represents a year-on-year decrease, with the largest outlet in 2023 surpassing future values. The compound annual growth rate (CAGR) over this five-year period signals a negative growth trajectory.
Future trends to watch for include technological advancements that could boost efficiency or growth in the demand for plant-based oils, which might reverse or mitigate the forecasted decline in machinery production for this sector. Additionally, market dynamics, such as changes in consumer preferences and global economic conditions, may impact this trend.
