The fermented milk products market in Estonia reached 51.769 million Euros in 2023, showing a steady growth trajectory since 2017, with the exception of a minor dip in 2021. Over the past five years, the market experienced a compounded annual growth rate (CAGR) of 1.61%, highlighting a stable yet moderate expansion. Following a significant uptick in 2017, growth has been largely consistent.
Looking ahead, potential trends to monitor in the Estonian fermented milk products market include:
- An increasing consumer preference for health-oriented fermented milk options.
- Innovation in product offerings such as plant-based alternatives.
- Expansion into new distribution channels like e-commerce.
- Potential impacts of EU regulations on dairy production and trade.
How does Estonia rank in Fermented Milk Products Market Size Value?
| # | 18 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,161,100,000 | 2023 | +2.93% | +3.38% | View data |
| 2 | 2 France | 1,057,800,000 | 2023 | +2.32% | +3.02% | View data |
| 3 | 3 United Kingdom | 698,230,000 | 2023 | +2.16% | +1.87% | View data |
| 4 | 4 Poland | 455,570,000 | 2023 | +0.29% | +1.3% | View data |
| 5 | 5 Romania | 334,600,000 | 2023 | +3.84% | +3.85% | View data |
| 16 | 16 Slovakia | 65,404,000 | 2023 | -0.006% | -0.072% | View data |
| 17 | 17 Slovenia | 60,779,000 | 2023 | +2% | +2.47% | View data |
| 18 | 18 Estonia | 51,769,000 | 2023 | +1.24% | +1.61% | |
