From 2013 to 2022, the production in the Vegetable Oil and Animal Fats sector showed fluctuations, peaking in 2017 at 8.03 billion Euros and witnessing decline years like 2014 and 2019. The period from 2023 to 2028 forecasts a steady increase, with a year-on-year growth of around 2.16% to 1.55%, reflecting a stabilizing trend. The 5-year CAGR indicates a projected average annual growth of 0.85% from 2023, and an overall forecasted growth of 8% by 2028.
Future Trends to Watch: Sustainability practices, technological advancements in production, and shifts in consumer preferences toward healthier oils and fats. Additionally, monitoring regulatory changes and the impact of climate change on agricultural outputs will be crucial.
