The production of drinking milk in Norway is forecasted to decline from 351.2 Thousand Metric Tons in 2024 to 340.2 Thousand Metric Tons by 2028. In the year 2023, the production stood at 354.6 Thousand Metric Tons. The year-on-year variation showcases a gradual decline: -1.1% from 2024 to 2025, -0.8% from 2025 to 2026, -0.7% from 2026 to 2027, and -0.6% from 2027 to 2028. The compound annual growth rate (CAGR) over the last five years, from 2024 to 2028, is -0.8%.
Future trends to watch for:
- Shift towards plant-based milk alternatives impacting traditional milk consumption.- Potential impact of health trends and dietary changes on milk consumption patterns.- Technological advancements in dairy farming potentially improving efficiency and sustainability.- Government policies and regulations influencing the dairy industry dynamics.
