In Belgium, the value per capita of the oil-cake market from vegetable fats and oils extraction decreased from €9.83 in 2013 to €6.31 in 2023. This represents a compound annual growth rate (CAGR) of -4.2% over the last 5 years. In 2023, particular trends showed a steady annual decline since 2021, with a decrease of 2.6% compared to 2022 and 1.8% from 2021, signaling consistent reduction.
Looking ahead, key trends to monitor include:
- Potential shifts in consumer preference towards sustainable and eco-friendly alternatives, impacting production and consumption.
- Regulatory changes influencing import and usage of vegetable oil-based products.
- Technological advancements in processing to enhance efficiency.
