The non-food uses of olive oil in Italy are projected to decline from 19.0 thousand metric tons in 2024 to 12.0 thousand metric tons by 2028. This demonstrates a downward trend with notable year-on-year decreases: 10.5% from 2024 to 2025, 11.8% from 2025 to 2026, 6.7% from 2026 to 2027, and 14.3% from 2027 to 2028. Over this period, the compound annual growth rate is -11.2%, indicating a continued reduction in demand for non-food applications.
Future Trends to Watch:
- Increased focus on sustainability may drive innovations using olive oil derivatives in green products.
- Potential regulatory changes affecting the use of olive oil in cosmetics and pharmaceuticals.
- Shift in consumer preferences towards alternative oils or synthetic options.