Over the past decade, the fermented milk products market in Italy has experienced notable fluctuations in volume. Starting at 155.41 million kilograms in 2013, the market saw a high in 2014 before decreasing significantly in 2015 to 134.25 million kilograms. From 2015 to 2023, the volume showed a mixed trend, declining until 2020 when it reached a low of 128.05 million kilograms, and then gradually recovering to 145.21 million kilograms by 2023.
Year-on-year variations for the last two years show positive growth, with 2.89% in 2022 and 2.8% in 2023. The Compound Annual Growth Rate (CAGR) for the past five years stands at 0.76%, indicating a slow yet steady recovery phase.
Future trends to watch for include potential impacts of health-conscious consumer behaviors, innovations in product formulations, and the increasing popularity of plant-based alternatives which could influence market dynamics in the upcoming years.
| # | 18 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 453,280,000 | 2023 | -0.34% | -0.65% | View data |
| 2 | 2 Poland | 353,950,000 | 2023 | +1.19% | +1.55% | View data |
| 3 | 3 United Kingdom | 290,860,000 | 2023 | +1.79% | +0.95% | View data |
| 4 | 4 Romania | 189,440,000 | 2023 | +3.37% | +2.75% | View data |
| 5 | 5 Bulgaria | 171,550,000 | 2023 | +4.15% | +5.7% | View data |
| 6 | 6 Italy | 145,210,000 | 2023 | +2.8% | +0.76% | |
| 7 | 7 Hungary | 127,470,000 | 2023 | +1.14% | +0.87% | View data |
| 8 | 8 Greece | 105,910,000 | 2023 | +0.54% | +0.071% | View data |
