The sold production of refined groundnut oil in Italy was recorded at 91.8 million euros in 2023. Forecasted values from 2024 show a steady upward trend, with 2024 at 94.458 million euros, up to 105.89 million euros by 2028. The year-on-year variation shows a consistent increase: 3.08% (2024), 3.08% (2025), 2.95% (2026), 2.83% (2027), and 2.73% (2028). The compound annual growth rate (CAGR) over the forecasted five-year period stands around 2.93%.
Future trends to watch for include potential shifts in consumer preferences towards healthier oil varieties, technological advancements in production efficiency, and fluctuations in the global market price of groundnuts and related commodities, which could influence production costs and selling prices.
