The import of residues, wastes of the food industry, and animal fodder to Italy is projected to increase gradually from 2024 to 2028. The forecast suggests a steady annual increase, with the value expected to grow from $2.4767 billion in 2024 to $2.5661 billion in 2028. Compared to 2023, the data shows consistent growth, indicating a stable upward trend.
The year-on-year variations depict a modest increase aligned with typical market expansion rates for this sector. The compound annual growth rate (CAGR) indicates an average yearly growth that supports long-term positive trends.
Future trends to watch for:
- Sustainability initiatives impacting the demand for food residues and waste products.
- Policy changes in the European Union affecting trade regulations and tariffs.
- Innovation in animal nutrition and feed technology that could alter demand dynamics.