Drinking milk production in Germany has experienced a consistent decline from 2013 to 2023. The production volume stood at 4.09 million metric tons in 2023. Over the past decade, year-on-year variations have shown fluctuations, with a general trend towards decreased production. For instance, the years 2022 and 2023 have witnessed successive declines of -6.05% and -2.22% respectively. The Compound Annual Growth Rate (CAGR) over the past five years reveals a downward average variation of -1.71% per year, hinting at a persistent reduction in production volumes.
Looking ahead, forecasts from 2024 to 2028 predict a continued decrease in production, with the volume expected to drop to 3.65 million metric tons by 2028. This translates to a forecasted five-year CAGR of -1.79%, indicating an overall decline of -8.64% in these years. Stakeholders should monitor trends such as potential shifts in consumer preferences towards plant-based alternatives, dairy industry regulations, and market dynamics that could impact future production.
