As of 2023, the sold production of oil-cake and other solid residues of vegetable fats or oils in Italy stood at 1.67 billion kilograms. Forecast data from 2024 to 2028 project a steady growth in production, with year-on-year increases ranging from approximately 2% to 2.2%. Specifically, the compounded annual growth rate (CAGR) from 2023 to 2028 is expected to be around 2.3% per annum, indicating a consistent upward trend in production volumes.
Future trends to watch for include:
- Changes in consumer preferences towards plant-based diets, potentially increasing demand.
- The impact of agricultural and environmental policies on oil-cake production.
- Technological advancements in extraction and production methods.
- Global market dynamics and trade policies influencing export opportunities.
