In 2023, soybean oil non-food uses in Germany stood at 34.0 thousand metric tons. The forecasted data from 2024 shows a steady increase: 35.0 thousand metric tons in 2024, 36.0 in 2025 and 2026, 37.0 in 2027, reaching 38.0 thousand metric tons by 2028. This indicates year-on-year growth, with the largest increases projected for 2027 and 2028. The compound annual growth rate (CAGR) from 2024 to 2028 averages at a modest pace, reflecting stable demand in this sector.
Future trends to watch for include:
- Advancements in biotechnology that could enhance oil yields.
- Potential policy changes impacting biofuel mandates.
- Shifts in consumer preferences towards sustainable and renewable resources that could boost demand.
