Forecast: Skimmed Milk Production in Italy

Skimmed milk production in Italy stood at 100.37 thousand metric tons in 2023, showing a year-on-year decline of 3.73%. The Compound Annual Growth Rate (CAGR) for the last five years was 1.2%, indicating a slight overall increase despite some year-on-year variations. Since 2013, production has generally been volatile with several significant drops, such as in 2018 and 2020, but has stabilized somewhat in recent years.

Future trends to watch for:

  • The forecasted CAGR for the next five years is 0.03%, suggesting minimal growth.
  • The production is expected to stabilize around the 100.5 thousand metric tons mark.
  • Environmental policies and consumer preferences for dairy alternatives could impact future production levels.

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