The production of milk-based drinks in Germany stood at 716.1 thousand metric tons in 2023. From 2013 to 2023, the production volume consistently increased, except for a minor dip in 2020. Over the last two years, the year-on-year growth in production volumes was 9.42% in 2022 and 1.82% in 2023. The Compound Annual Growth Rate (CAGR) averaged 4.39% from 2018 to 2023.
Future trends to watch for:
- Forecast data suggests moderate growth with a forecasted 5-year CAGR of 1.34%, leading to a total growth rate of 6.91% by 2028.
- Increasing consumer demand for healthy and fortified milk drinks could positively impact production volumes.
- Market dynamics, including supply chain variables and raw material costs, should be monitored as they could affect production capabilities.