The Flours and Meals of Oil Seeds or Oleaginous Fruits market in Ireland stood at 31.932 million kilograms in 2023. Over the past decade, the market has experienced fluctuations, ranging from minor annual adjustments to significant shifts in volume. From 2013 through 2023, the year-on-year variation displays a series of declines and increases, with a notable spike in 2019. However, from 2021 to 2023, the market has stabilized with slight increases each year. The five-year compound annual growth rate (CAGR) up to 2023 reflects a modest upward trend.
Future trends to watch for include:
- Potential effects of climate change on raw material availability.
- Shifts in consumer preferences towards plant-based diets and gluten-free products.
- Technological advancements in the production and processing of oil seeds.