Forecast: Milk Based Drinks Production in Italy

The production of milk-based drinks in Italy experienced fluctuating trends over the past decade. After a peak in 2013 at 4,800 metric tons, there was a general decline until 2016. A significant jump occurred in 2017, followed by variable year-on-year changes. Notably, 2021 saw a substantial increase of 17.33%, while 2023 reported a slight decrease of 1.4%, standing at 5,620 metric tons. The five-year CAGR from 2018 to 2023 averaged 2.95%, indicating a moderate growth. Forecasts suggest continued steady growth with a CAGR of 0.66% leading up to 2028, suggesting stability in production volumes.

Future trends to watch for include:

  • Sustained moderate growth in production volumes over the next five years.
  • The impact of changing consumer preferences towards healthy and functional drinks on production volumes.
  • Technological advancements in production processes that might increase efficiency and output.
  • Potential regulatory changes impacting the dairy industry and production standards.

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