The dairy products turnover in Italy exhibited fluctuating trends over the years. From 2013 to 2015, there was a decline in turnover, followed by slight recovery in 2016. A significant increase was observed in 2017 with a 10.67% year-on-year growth, touching 20.07 billion euros. Growth stabilized from 2018 through 2023, where it reached 21.15 billion euros, up by approximately 1.47% from the previous year. The Compound Annual Growth Rate (CAGR) from 2019 to 2023 averaged around 1.15% per year. Forecasted data suggests a steady increase, reaching 22.63 billion euros by 2028 with a forecasted 5-year CAGR of 1.08% and an overall 5-year growth rate of 5.52%.
Future trends to watch for include the potential impacts of sustainable practices in dairy farming, the demand for organic and lactose-free products, and the influence of economic factors on consumer purchasing power. Monitoring these aspects could provide further insights into the market dynamics and drive strategic decisions.
