From 2015 to 2023, the sold production of flavoured liquid yoghurt or acidified milk in Spain showed significant fluctuations with an overall upward trend. Starting from 559.56 million kilograms in 2015, the volume reached 693.24 million kilograms by 2023. The year-on-year variations indicate periods of growth and decline, with notable increases in 2017 (8.31%), 2019 (12.51%), and a moderate growth phase from 2020 onwards. The 5-year CAGR up to 2023 was 2.75%, showcasing steady growth despite periodic dips.
Between 2022 and 2023, the year-on-year variation was 3.21%. Looking ahead, forecasted data from 2024 to 2028 suggests a continued positive trend with a 5-year CAGR forecast of 2.23%, culminating in an 11.64% growth by 2028.
Future trends to watch for include:
- Consumer preferences shifting towards healthier options and diverse flavour profiles.
- Possible impact of regulatory changes and sustainability initiatives.
- Advancements in production technology enhancing efficiency and product quality.
- Economic factors influencing consumer spending power and market dynamics.
