In 2023, Ireland dominated the European market for skimmed milk powder with a fat content not exceeding 1.5% in immediate packings not exceeding 2.5 kg, showing a significant production value of 324.85 million euros. France followed with 89.528 million euros, while Spain, Denmark, and Finland recorded significantly lower values of 13.82, 1.7065, and 0.357 million euros, respectively. Year-on-year growth in 2023 was strong across major countries: Ireland grew by 11.81%, and France by 15.52%. Spain saw an 8.9% increase. The five-year compound annual growth rate indicates a generally upward trajectory in these markets.
Future trends to watch for include:
- Increased demand for organic and sustainable products, driving production and sales.
- Technological advancements in processing and packaging could influence efficiency and output.
- Potential market expansion influenced by trade policies and consumer preference shifts in health-conscious products.
Top countries in Sold Production of Skimmed Milk Powder with a Fat Content Not Exceeding 1,5% in Immediate Packings Not Exceeding 2,5 kg by Country
| # | 5 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Ireland | 324,850,000 | 2023 | +4% | +11.81% | View data |
| 2 | 2 France | 89,528,000 | 2023 | +8.3% | +15.52% | View data |
| 3 | 3 Spain | 13,820,000 | 2023 | +8.01% | +8.9% | View data |
| 4 | 4 Denmark | 1,706,500 | 2021 | -27.61% | -3.74% | View data |
| 5 | 5 Finland | 357,000 | 2021 | -34.32% | View data |
