In 2023, the sold production of milk and cream with a fat content exceeding 21% in immediate packings of not exceeding 2 liters in Germany stood at 938.5 million euros. From 2024, the forecasted data shows an upward trend with a year-on-year increase: 2024 shows a 4.8% increase from 2023, followed by a 4.7% increase in 2025, a 4.5% rise in 2026, a 4.2% augmentation in 2027, and a 4% increase in 2028. The compound annual growth rate (CAGR) over this period is approximately 4.4%.
Future trends to watch for:
- Changes in consumer preferences towards premium dairy products and their impact on demand.
- Potential regulatory changes on fat content labeling and standards.
- Impact of economic conditions and household income on luxury dairy product spending.
- Technological advancements in dairy production possibly enhancing efficiency or lowering costs.