The crude sunflower-seed oil market in Germany demonstrated a steady growth from 2013 to 2023, reaching a market size of 371.58 million Euros in 2023. Over the past decade, the market has experienced several fluctuations, with notable growth in 2018 and a slight downturn in 2017. The variation from 2021 to 2023 shows a consistent but modest year-on-year growth of approximately 1.68% to 1.62%. The compound annual growth rate (CAGR) over the last five years up to 2023 is 1.36%.
From 2024 onwards, the market is forecasted to maintain its growth trajectory, albeit at a slower pace, with a forecasted CAGR of 1.14% over the next five years. The market size is expected to reach 399.47 million Euros by 2028, representing a total growth rate of 5.85% over the forecasted period.
Future trends to watch for include:
- Changes in agricultural policies impacting sunflower seed production
- Developments in sustainable and organic farming practices
- Fluctuations in global oilseed markets affecting local supply and pricing
- Consumer demand shifts towards healthier and plant-based oils
- Technological advancements in oil extraction and processing
