The Belgian oil-cake market resulting from soybean oil extraction exhibited fluctuations from 2013 to 2023. By 2023, the market size in volume stood at 700.6 million kilograms. Over the last decade, noteworthy shifts include significant growth in 2015 and 2017, contrasted by declines, particularly in 2018 and 2021. The annual average growth rate for the past five years is approximately 0.18%. Recent years show a modest recovery, with a 5.29% increase in 2022 and a 1.5% rise in 2023.
Future trends to watch for include technological advancements in extraction processes and changing dietary preferences, impacting demand dynamics and potentially stabilizing growth in the market.
| # | 15 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 2,717,400,000 | 2023 | -2.72% | -0.59% | View data |
| 2 | 2 Italy | 2,424,000,000 | 2023 | -0.75% | -0.8% | View data |
| 3 | 3 United Kingdom | 2,054,300,000 | 2023 | +0.68% | +1.81% | View data |
| 4 | 4 Denmark | 1,726,500,000 | 2023 | +1.4% | +1.07% | View data |
| 5 | 5 Belgium | 700,600,000 | 2023 | +1.5% | +0.18% | |
| 6 | 6 Portugal | 551,490,000 | 2023 | -2.16% | -2.07% | View data |
| 7 | 7 Greece | 401,110,000 | 2023 | +1.55% | +6.79% | View data |
