The Fermented Milk Products Market in Austria has shown a notable upward trend from 2013 to 2023, increasing from €122.95 million to €177.1 million. The market value witnessed significant growth particularly from 2017 to 2018 with a 14.2% increase. The compound annual growth rate (CAGR) from 2013 to 2023 averaged at 2.08%. In 2023, the market valued at €177.1 million represents a 3.24% year-on-year increase. Over the last five years, the CAGR stood at 2.08%, showing a steady but modest growth trajectory.
For future trends, watch for:
- Increased consumer demand for health-centric and probiotic-rich products.
- Innovation in flavors and product variety to meet diverse consumer preferences.
- Growth in organic and plant-based fermented milk products.
- Technological advancements in fermentation and packaging processes.
How does Austria rank in Fermented Milk Products Market Size Value?
| # | 18 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,161,100,000 | 2023 | +2.93% | +3.38% | View data |
| 2 | 2 France | 1,057,800,000 | 2023 | +2.32% | +3.02% | View data |
| 3 | 3 United Kingdom | 698,230,000 | 2023 | +2.16% | +1.87% | View data |
| 4 | 4 Poland | 455,570,000 | 2023 | +0.29% | +1.3% | View data |
| 5 | 5 Romania | 334,600,000 | 2023 | +3.84% | +3.85% | View data |
| 8 | 8 Bulgaria | 227,670,000 | 2023 | +6.76% | +7.77% | View data |
| 9 | 9 Hungary | 218,050,000 | 2023 | +1.1% | +0.42% | View data |
| 10 | 10 Austria | 177,100,000 | 2023 | +3.24% | +2.08% | |
| 11 | 11 Finland | 156,390,000 | 2023 | -1.09% | +1.11% | View data |
| 12 | 12 Croatia | 143,190,000 | 2023 | +1.11% | +1.02% | View data |
