The Oil-Cake from Extraction of Vegetable Fats and Oils market in Spain has shown a steady increase in value per capita from 2013 onwards, reaching €4.61 in 2023. The years 2014 to 2017 demonstrated a significant upward trend with some fluctuation in the following years. There was a small dip in value in 2018 and 2019, but the market gradually recovered, showing resilience with a return to growth. In 2023, the year-on-year increase compared to 2022 was approximately 1.99%, with a Compound Annual Growth Rate (CAGR) of about 0.53% over the last five years, from 2018 to 2023.
Looking forward, the key trends to watch include innovations in extraction processes, rising demand for sustainable plant-based products, and changes in agricultural capabilities. The market could benefit from technological advancements and shifts towards eco-friendly practices, influencing per capita value positively.
