In 2023, Germany led the European condensed milk market with a volume of 205.74 million kilograms, marking a 2.04% year-on-year increase. The United Kingdom followed with 32.378 million kilograms, showing a 2.11% rise. France, with 15.496 million kilograms, experienced a decrease of 2.62%. Lithuania noted a slight growth of 0.37% at 6.0702 million kilograms. Portugal's volume decreased by 0.52% to 5.3819 million kilograms, while Italy saw a notable increase of 5.67% to 4.5456 million kilograms. Sweden saw a decline of 2.66%, totaling 1.4547 million kilograms.
Future trends to monitor include:
- Changes in consumer preferences towards healthier dairy alternatives.
- Rising demand in emerging European markets due to competitive pricing.
- Potential impact of regulatory changes on dairy production standards.
- Technological advancements in dairy manufacturing impacting production efficiency.
Top countries in Condensed Milk Market Size Volume by Country
| # | 7 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 205,740,000 | 2023 | +1.98% | +2.04% | View data |
| 2 | 2 United Kingdom | 32,378,000 | 2023 | +1.74% | +2.11% | View data |
| 3 | 3 France | 15,496,000 | 2023 | -0.11% | -2.62% | View data |
| 4 | 4 Lithuania | 6,070,200 | 2023 | -1.47% | +0.37% | View data |
| 5 | 5 Portugal | 5,381,900 | 2023 | -1.3% | -0.52% | View data |
| 6 | 6 Italy | 4,545,600 | 2023 | +2.96% | +5.67% | View data |
| 7 | 7 Sweden | 1,454,700 | 2023 | -1.71% | -2.66% | View data |
