In 2023, the groundnut oil market in Italy reached a volume of 41.181 million kilograms. Over the past two years, the market experienced positive growth, with a year-on-year increase of 4.8% in 2023 and 5.16% in 2022. The compound annual growth rate (CAGR) over the last five years stood at 3.78%, indicating a moderately growing market. Key fluctuations in recent years included a strong rebound in 2019 and consistent growth thereafter, despite some dips.
Future trends to watch include potential shifts in consumer preferences towards healthier oils, impacts of regulatory changes on oil production, and market adaptations to sustainability trends. These factors could influence the groundnut oil sector’s growth trajectory in Italy over the coming years.
