In 2023, the palm oil market volume in Germany stood at 478.98 million kilograms. The forecast indicates a consistent decline in market size volume from 2024 to 2028, with values dropping from 455.65 million kilograms in 2024 to 369.1 million kilograms by 2028. The year-on-year variation shows a decreasing trend, with a -4.83% drop from 2023 to 2024, and an average annual rate of decline (CAGR) of -5.15% over the five-year period.
Future trends to watch for include shifts towards more sustainable and alternative oil sources, changes in consumer preferences towards eco-friendly products, and the impact of regulatory policies aimed at reducing palm oil consumption due to environmental concerns.
