Key Market Indicators
**Greek Dairy Industry Forecasts Modest Growth Amid Global Competition** The Greek dairy sector is projected to experience moderate growth over the next five years. Production is expected to reach approximately €2.55 billion by 2028, up from €2.49 billion in 2023, marking an average annual increase of 0.4%. This growth trend follows a more robust period from 2013, during which the industry saw a 2.2% annual increase in supply. In the global rankings for 2023, Greece held the 13th position in dairy production, with Norway slightly ahead at €2.49 billion. Leading the pack were Germany, Italy, and the Netherlands, occupying the second, third, and fourth positions respectively. Sales within the Greek dairy market are also anticipated to see slight growth. By 2028, sales are forecasted to reach around €2.6 billion, up from €2.58 billion in 2023, reflecting a modest annual growth rate of 0.1%. Since 2013, the market has expanded at an average rate of 1.4% per year. In the 2023 rankings, Greece again stood at 13th place, with Sweden just ahead at €2.58 billion. Germany, Italy, and the Netherlands maintained their strong positions in the top four. However, dairy consumption in Greece is expected to decline. By 2028, consumption is projected to drop to approximately 979.9 million kilograms, down from 1.02 billion kilograms in 2023. This represents an average annual decrease of 0.6%. Since 2013, demand has decreased by an average of 1.1% per year. Italy, the United Kingdom, and France were the second, third, and fourth largest consumers in 2023, respectively.
