From 2013 to 2023, the sold production of whole milk and cream powder in Germany displayed a mix of modest growth and fluctuations. In 2023, the production stood at 107.76 million kilograms, reflecting a slight decline from 2022. Overall, this period saw a compound annual growth rate (CAGR) of 2.23%. Despite some year-on-year variations, such as a notable 12.91% increase in 2021 followed by a 6.3% decrease in 2022, the market demonstrated resilience.
Looking ahead, forecasted data predicts a gradual decline in production, with a CAGR of -0.81% from 2024 to 2028, reaching 102.41 million kilograms by 2028. The forecasted cumulative growth rate for the next five years is -3.99%, suggesting a subdued market environment.
Future trends to watch for include:
- Potential impacts of global economic conditions on dairy consumption and trade.
- Technological advancements in dairy processing and their effect on production efficiency.
- Shifts in consumer preferences towards alternative dairy products and their implications for traditional whole milk and cream powder demand.