The UK market for oil-cake of vegetable fats or oils is projected to experience a steady decline in volume from 2.79 billion kilograms in 2024 to 2.68 billion kilograms by 2028. Compared to 2023, the market volume is expected to decrease incrementally each year. Year-on-year variations indicate a consistent decline, and over the last two years, there has been a notable downward trend. The five-year compound annual growth rate (CAGR) highlights a slight negative shift.
Future trends to watch for include:
- Potential impacts of environmental regulations on production.
- Shifts in consumer preferences towards more sustainable alternatives.
- Global economic factors influencing import-export dynamics.
- Technological advancements in agricultural practices.
