The fermented milk products market in Croatia, valued at 143.19 million Euros in 2023, has been gradually expanding. The market demonstrated positive year-on-year growth in recent years, with a 1.86% increase from 2021 to 2022 and a 1.11% increase from 2022 to 2023. Over the last five years, the compound annual growth rate (CAGR) stood at 1.02%, indicating a moderate but steady growth pattern. Between 2013 and 2023, the market has shown resilience, with annual variations suggesting a stable demand in Croatia.
Future trends to watch include increased consumer demand for health-oriented products, potential innovations in product varieties, and possible expansions into plant-based alternatives. Monitoring these trends will be crucial for stakeholders aiming to leverage growth opportunities in this sector.
How does Croatia 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 |
| 10 | 10 Austria | 177,100,000 | 2023 | +3.24% | +2.08% | View data |
| 11 | 11 Finland | 156,390,000 | 2023 | -1.09% | +1.11% | View data |
| 12 | 12 Croatia | 143,190,000 | 2023 | +1.11% | +1.02% | |
| 13 | 13 Denmark | 133,740,000 | 2023 | +0.97% | +3.65% | View data |
| 14 | 14 Lithuania | 109,840,000 | 2023 | +2.8% | +1.96% | View data |
