In 2023, the actual sold production of partly or wholly hydrogenated animal fats and oils in Italy stood at approximately 139.62 million euros. From 2024 onwards, the industry is expected to show steady growth in value, with forecasted figures reaching 167.07 million euros by 2028. Year-on-year growth rates demonstrate a consistent upward trend, averaging a compound annual growth rate (CAGR) of approximately 3.50% over the 5-year forecast period from 2024 to 2028.
Future trends to watch in this sector include:
- Increasing demand for sustainable and alternative fats due to environmental and health consciousness.
- Potential regulatory changes impacting production processes and costs.
- Technological advancements in processing to enhance product quality and efficiency.
- Shifts in consumer preferences towards plant-based alternatives, which could impact demand dynamics.