The skimmed milk and cream powder market in France has experienced a steady decline over the past decade, with a peak in 2015 followed by a continuous downward trend. In 2023, the market stood at 477.78 million euros, marking a further decrease from previous years. The year-on-year variation over the last two years has shown negative growth, while the five-year CAGR is also in decline, suggesting a persistent downward trend in market value.
Future trends to watch for include:
- Stabilization of market value as the forecasted CAGR decreases marginally, indicating a slower rate of decline.
- Potential market opportunities driven by innovation or shifts in consumer preferences towards healthier or more sustainable options.
- Impact of regulatory changes or economic conditions affecting dairy and powdered milk product industries in France.
