Key Market Indicators
Cypriot Dairy Products Sales are projected to hit €646 million by 2028, rising from €547 million in 2023. This growth translates to a compound annual growth rate (CAGR) of 2.6%. Since 2013, the Cypriot market has experienced a notable annual increase of 4.4%. In 2023, Cyprus ranked 25th in dairy product sales, with Bulgaria slightly ahead at €547 million. Germany, Italy, and the Netherlands held the top three positions, respectively. On the production front, Cypriot Dairy Products Production is expected to reach €608 million by 2028, up from €512 million in 2023. This marks an average annual growth of 2.7%. Since 2013, Cyprus has seen a robust annual increase of 5.5% in dairy supply. In the 2023 rankings, Cyprus also stood at 25th place, again trailing behind Bulgaria, which recorded €512 million. Germany, Italy, and the Netherlands led the production charts, securing the second, third, and fourth spots, respectively.
