The actual sold production of skimmed milk and cream powder in France in 2023 was 382.34 million kilograms. Over the last two years, we observed a 4.82% increase in 2023 and a 5.12% increase in 2022. On average, the compound annual growth rate (CAGR) over the last five years has been 4.15%. Historically, there have been notable fluctuations, with significant increases in the early 2010s, a decline around mid-decade, followed by a more stable period with minor gains and losses.
For the future, from 2024 to 2028, the CAGR is forecasted to be 3.19%, indicating steady growth. The forecasted values show an overall increase, with a total growth rate projected to be 16.98% by 2028. This suggests a consistent upward trend.
Future trends to watch for:
- Technological advancements in production efficiency.
- Changing consumer preferences towards dairy products.
- Potential market expansions and export opportunities.
- Regulatory changes impacting dairy production.
