The German market for inedible animal or vegetable fats and oils chemically modified stood at 666.65 million Euros in 2023. Analysis shows steady growth from 2013 with a substantial increase in 2020. Year-on-year growth varied, with notable peaks in 2016 and 2020 at 36.94% and 28.8%, respectively. The last two years saw moderate growth by 6.16% in 2023. The 5-year Compound Annual Growth Rate (CAGR) was calculated at 7.48%, indicating sustained sector expansion.
Future trends to watch:
- Potential market adjustments due to regulatory policies on sustainability.
- Increased demand from industries shifting to eco-friendly practices.
- Technological advancements in processing that could impact market dynamics.
