In 2023, the actual sold production of skimmed milk and cream powder in France stood at approximately 957 million euros. Forecast data suggests an upward trend starting from 989.25 million euros in 2024 to 1121.5 million euros by 2028. Year-on-year analysis indicates steady growth: 3.39% from 2024 to 2025, 3.26% from 2025 to 2026, 3.12% from 2026 to 2027, and finally, 2.99% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over the forecast period from 2024 to 2028 is approximately 3.24%, showcasing consistent market expansion.
Future trends to watch for include:
- Consumer demand changes influenced by dietary shifts towards plant-based alternatives.
- Regulatory changes impacting production costs and price competitiveness in the EU.
- Technological advancements that might enhance production efficiency and product quality.
- Environmental concerns potentially affecting dairy production and market dynamics.