The European Milk Based Drinks production in 2023 is led by Germany, comprising the largest share at 40.47 thousand metric tons with a year-on-year growth of 4.39%. Spain follows with significant production, though it experienced an 11.56% decline compared to the previous year. Belgium, Austria, and Switzerland also contribute notably, with Austria showing the highest growth rate among these countries at 12.49%. Other countries such as France, Norway, and Czech Republic displayed growth, whereas nations like Denmark, Portugal, and Sweden saw declines in production. The compound annual growth rate (CAGR) for the past five years indicates a stable or moderate growth trajectory across most countries, with specific variations reflecting local market dynamics and production efficiencies.
Future trends to watch in European Milk Based Drinks production include potential growth in countries with improving local demand and export capabilities. Sustainability and innovation in processing and packaging might drive changes in market dynamics. Technological advancements in dairy farming and changing consumer preferences towards plant-based alternatives could influence production shares across different regions.
Top countries in Milk Based Drinks Production Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 40.47 | 2023 | +1.82% | +4.39% | View data |
| 2 | 2 Spain | 14.3 | 2023 | -11.72% | -11.56% | View data |
| 3 | 3 Belgium | 10.52 | 2023 | +1.25% | -0.31% | View data |
| 4 | 4 Austria | 5.47 | 2023 | +10.22% | +12.49% | View data |
| 5 | 5 Switzerland | 5 | 2023 | +1.79% | +5.19% | View data |
| 6 | 6 Poland | 4.82 | 2023 | +0.52% | +0.62% | View data |
| 7 | 7 France | 4.25 | 2023 | +0.29% | +3.01% | View data |
| 8 | 8 Denmark | 3.46 | 2023 | +1.67% | -7.31% | View data |
| 9 | 9 Greece | 3.17 | 2023 | -2.14% | +0.79% | View data |
| 10 | 10 Portugal | 2.91 | 2023 | -1.41% | -2.27% | View data |
