Key Market Indicators
Consumption of milk is forecast to reach €571 million by 2026, up from €523 million in 2020. This 1.4% year-on-year growth is due to a 5.2% year-on-year rise in demand. The United Kingdom, Italy and France ranked 2nd, 3rd and 4th respectively in this ranking. Austrian milk production is expected to reach 4.1 million metric tons by 2026, up from 3.9 million metric tons in 2021. This 0.8% year-on-year growth is the result of a 1.3% year-on-year increase in supply since 1966. Romania overtook Austria in 2021, producing 3.9 million metric tons, followed by the United States Virgin Islands, Pakistan and Brazil in 2nd, 3rd and 4th place respectively.