The Butter and Dairy Spreads Market in Ireland peaked between 2013 and 2017, reaching a high of €385.26 million in 2017. Subsequently, it entered a consistent decline, bringing the market size down to €292.46 million by 2023. Over the last five years, the compound annual growth rate (CAGR) was negative, standing at -4.6%, indicating a persistent downturn. Year-on-year declines accelerated, reaching a decrease of 5.05% in 2023 compared to 2022, marking the steepest annual decline during the analyzed period.
Future trends to watch for include potential shifts in consumer preferences toward alternative spreads, ongoing health consciousness impacting butter consumption, and economic factors that may influence consumer spending in the food sector. These trends could affect both challenges and opportunities for market players aiming to stabilize or rejuvenate the market.
| # | 16 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 1,073,200,000 | 2023 | -0.87% | -0.24% | View data |
| 2 | 2 Austria | 417,950,000 | 2023 | +2.9% | +1.3% | View data |
| 3 | 3 Czech Republic | 399,910,000 | 2023 | +2.58% | +1.38% | View data |
| 4 | 4 Ireland | 292,460,000 | 2023 | -5.05% | -4.6% | |
| 5 | 5 Romania | 231,970,000 | 2023 | +4.62% | +5.36% | View data |
| 6 | 6 Slovakia | 172,280,000 | 2023 | +4.16% | +0.85% | View data |
