The condensed milk market in Germany observed steady growth, with per capita value at €8.50 in 2023. The forecast from 2024 to 2028 shows a consistent upward trend, reaching €10 by 2028. Year-on-year growth percentages indicate a gradual increase: 2.9% (2024), 2.9% (2025), 2.7% (2026), 2.6% (2027), and 2.7% (average growth). The 5-year Compound Annual Growth Rate (CAGR) stands at approximately 3.3%, reflecting a stable demand in the market.
Future trends to watch for include:
- Potential impacts of health trends favoring less sugar consumption.
- The influence of rising vegan diets on dairy consumption.
- Innovation in packaging and sustainable practices improving consumer appeal.
- Economic conditions influencing disposable income allocated to such products.
