The turnover in the vegetable oil and animal fats sector in Austria has seen significant fluctuations over the past decade. Between 2013 and 2022, the sector experienced variable year-on-year growth rates, with notable increases in 2018 (20.91%), and 2022 (9.34%). However, there were periods of decline, notably in 2014 (-8.58%) and 2020 (-16.47%). By 2023, the turnover is forecasted to grow by 7.14%. Looking ahead, the forecast for 2028 indicates a 5-year CAGR of 2.52%, translating to a cumulative growth rate of 13.23%.
Future trends to watch in the vegetable oil and animal fats sector include advancements in sustainable and plant-based oil production, rising consumer health awareness leading to higher demand for premium products, and potential regulatory changes impacting the industry.
