Forecasted sold production of refined sunflower-seed and safflower oil in Italy shows a positive year-on-year growth trend from 2024 to 2028. In 2024, the value stands at 846.8 Million Euros and is expected to rise to 1048.2 Million Euros by 2028. The 2023 value stood at 796.0 Million Euros. Here are the variations observed:
• 2024: 6.4% increase from the previous year (2023).
• 2025: 6.0% increase from the previous year.
• 2026: 5.6% increase from the previous year.
• 2027: 5.3% increase from the previous year.
• 2028: 5.0% increase from the previous year.
With a compound annual growth rate (CAGR) of approximately 5.66% from 2024 to 2028, this steady growth reflects robust demand and potential expansion in production capabilities.
Future trends to watch include the impact of sustainable agricultural practices, advancements in refining technologies, and potential changes in consumer preferences towards healthier cooking oils, which could reshape production dynamics in Italy's sunflower-seed and safflower oil markets.
