The turnover in the vegetable oil and animal fats sector in Italy showed fluctuating trends from 2013 to 2022. Significant year-on-year variations include a peak in 2015 (14.67%) and a notable decline in 2019 (-10.35%). The sector experienced a modest rebound with slight increases from 2020 onwards. The last two years, 2021 and 2022, saw a steadying trend with minor growth rates of 2.88% and 1.77%, respectively. The 5-year CAGR leading up to 2023 was -0.099%, while the 5-year forecast CAGR is 1.26%, indicating a positive growth trajectory to 2028.
Future Trends to Watch: Continued recovery post-2020 indicates market stabilization. Factors driving future growth include increased consumer health awareness, shifts towards sustainable products, and advances in production technologies. Monitoring regulatory changes and global market dynamics will be essential.
