The forecast for the production of essential oils in Italy shows a steady year-on-year increase from 2024 to 2028. Starting from 49.682 million kilograms in 2024, the production is expected to grow to 54.425 million kilograms by 2028. Comparing this trend to the actual figures from previous years indicates a consistent upward trajectory in essential oil production since 2023.
- From 2024 to 2025, the increase is approximately 2.42%.
- From 2025 to 2026, the production is set to rise by about 2.34%.
- The year 2026 to 2027 projects a growth of around 2.27%.
- From 2027 to 2028, the increase is expected to be 2.19%.
- The compound annual growth rate (CAGR) for the period of 2024 to 2028 is approximately 2.30%.
Future trends to watch include potential impacts of sustainable practices on production processes, global market demand fluctuations, and technological advances in extraction methods that could enhance efficiency and capacity. These factors may influence the pace and sustainability of this growth trend beyond 2028. Keeping an eye on regulatory changes regarding natural product industries will also be essential.
