In 2023, Germany led the European fermented milk products market, contributing significantly with a market value share of 20.36 billion Euros. France followed at 18.55 billion Euros, with the UK trailing at 12.24 billion Euros. Bulgaria and Romania exhibited the highest growth rates, with increases of 7.77% and 3.85% respectively year-on-year. While Greece experienced a decline of -2.05%. The five-year CAGR highlighted stable growth trends across most countries, with fluctuations primarily attributed to varying domestic demand and production capacities.
Future trends in the European fermented milk products market include:
- Increased focus on health and wellness driving demand for probiotic-enriched offerings.
- Rising interest in plant-based alternatives, potentially altering market dynamics.
- Technological advancements in production methods could enhance product variety.
- Potential regulatory changes impacting production and distribution in key markets.
Top countries in Fermented Milk Products Market Size Value Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 20.36 | 2023 | +2.93% | +3.38% | View data |
| 2 | 2 France | 18.55 | 2023 | +2.32% | +3.02% | View data |
| 3 | 3 United Kingdom | 12.24 | 2023 | +2.16% | +1.87% | View data |
| 4 | 4 Poland | 7.99 | 2023 | +0.29% | +1.3% | View data |
| 5 | 5 Romania | 5.87 | 2023 | +3.84% | +3.85% | View data |
| 6 | 6 Italy | 5.33 | 2023 | -0.1% | +1% | View data |
| 7 | 7 Greece | 4.68 | 2023 | -1.47% | -2.05% | View data |
| 8 | 8 Bulgaria | 3.99 | 2023 | +6.76% | +7.77% | View data |
| 9 | 9 Hungary | 3.82 | 2023 | +1.1% | +0.42% | View data |
| 10 | 10 Austria | 3.11 | 2023 | +3.24% | +2.08% | View data |
