In 2023, the sold production of oil-cake and other solid residues of vegetable fats or oils in Italy was 578.10 million Euros. The forecast from 2024 to 2028 shows a consistent upward trend, increasing from 582.95 million Euros in 2024 to 602.41 million Euros in 2028. The year-on-year growth indicates a steady increment of approximately 1% each year. Analyzing the period using the compounded annual growth rate (CAGR), the industry is expected to grow modestly by 0.82% annually.
Future trends to watch include potential impacts from sustainability initiatives and innovations in oil extraction processes that may reduce residues, affecting output levels. Monitoring trade policies and market demand for vegetable-based products will be crucial.
