Skimmed dried milk production in Denmark over the past decade has shown significant fluctuations. Starting at 45.7 thousand metric tons in 2013, it experienced a notable decline until 2015 before a sharp increase in 2016. Subsequently, production levels varied but showed a general downward trend until slight increases were observed from 2018 onwards, reaching 35.48 thousand metric tons in 2023. The year-on-year growth in 2023 was 0.41%, and the five-year CAGR stood at 0.43%, indicating stability in recent years.
Future trends to watch for include:
- A forecasted gradual increase in production from 2024 to 2028, with values rising from 35.64 to 36.24 thousand metric tons.
- A projected five-year CAGR of 0.33%, suggesting a slight but steady growth rate.
- Potential impacts of technological advancements, market demand, and policy changes on production efficiencies and capacity.
