In 2023, the sold production value of whole milk and cream powder in Finland stood at 21.42 million Euros. Analyzing year-on-year variations, the last two years showed modest growth, with a 0.51% increase in 2022 and a 5.12% rise in 2023. The five-year CAGR from 2018 to 2023 was 8.2%, indicating a solid upward trend. Over the past decade, the market experienced significant fluctuations, including a sharp decline from 2013 to 2016, followed by a recovery phase from 2017 onwards.
Key future trends to watch for include:
- A continued forecasted growth rate of 3.36% CAGR over the next five years, reflecting a positive market outlook.
- Potential impacts of global economic conditions and regulatory changes on production and pricing.
- Advancements in dairy technology and consumer preferences for whole milk and cream powder products.