In 2023, the sold production of rolled, flaked, hulled, pearled, sliced, or kibbled cereal grains in Italy stood at 185.68 million Euros. The forecasted figures from 2024 to 2028 show a steady year-on-year increase in value. The percentage increase is approximately 2.4% each year from 2024 through 2028. Observing the compound annual growth rate (CAGR) over the five-year period from 2024 to 2028, the average annual increase stands around 2.37%.
Future trends to watch for include:
- Innovations in cereal processing techniques that could boost both production efficiency and market value.
- Potential shifts in consumer preferences towards health-oriented food products, which could positively impact demand for these cereal products.
- Impacts of climate change on agricultural yields, affecting raw material availability and prices.