Key Market Indicators
Milk consumption in Europe is projected to decline by 1.8% annually to €430 million by 2026, down from €478 million in 2020. In the same period, demand is expected to drop by 1.2%. The United Kingdom, Italy and France are the top three countries in terms of consumption. Portuguese milk production is forecast to increase by 0.1% each year to 2.1 million metric tons by 2026, up from 2.1 million metric tons in 2021. Since 1966, Portuguese supply has risen by 0.1% annually. The country ranks 52nd in 2021, with Somalia ahead of it at 2.1 million metric tons. The United States Virgin Islands, Pakistan and Brazil are the top three countries in terms of production.
