In 2023, maize oil processing in Brazil stood below the forecasted 62.0 thousand metric tons projected for 2024. The forecast predicts steady growth, with an anticipated increase to 66.0 thousand metric tons by 2028. Year-on-year, the sector is expected to experience a consistent annual increase of approximately 1.6% over the five-year forecast period, from 2024 to 2028.
Future trends to watch for in the industry include advancements in processing technology that could improve efficiency and yield, potential fluctuations in domestic and international demand, and environmental policies impacting agricultural practices. Additionally, market dynamics such as competition from alternative oils may influence growth trends in the maize oil sector.
