In 2023, the soybean oil market in Italy recorded a volume per capita of 5.35 kilograms. The forecasted data indicates a steady year-on-year growth in consumption: 5.4 kg in 2024, 5.45 kg in 2025, 5.5 kg in 2026, 5.55 kg in 2027, and 5.6 kg in 2028. This consistent increase translates to annual growth rates ranging from approximately 0.92% to 1.85% over the forecast period. Over the last five years, the Compound Annual Growth Rate (CAGR) stands at around 0.95%.
Future trends to watch for include:
- Potential shifts in consumer preferences due to health trends favoring alternative oils.
- Impact of policy changes on agricultural practices and pricing.
- Technological advancements in oil extraction and production efficiencies.
- Global market influences, including changes in supply chains and international trade agreements.
