The production of dairy spreads in Italy exhibited fluctuating trends from 2013 to 2023. From a peak of 100.51 thousand metric tons in 2014, production saw a general decline, reaching a low of 91.22 thousand metric tons in 2017. This period was characterized by significant year-on-year variations, with notable declines in 2015 and 2017 by 4.58% and 4.38%, respectively. A recovery was observed in 2018 with a 6.86% increase, although subsequent years showed minor fluctuations around the 94 thousand metric tons mark. In 2023, the production stood at 94.75 thousand metric tons, indicating a modest growth of 0.31% year-on-year and a negative CAGR of -0.57% over the last five years.
Looking forward, the projections suggest a steady but slow growth in dairy spreads production, with an anticipated CAGR of 0.22% over the next five years, culminating in an estimated 96.09 thousand metric tons by 2028. This aligns with an overall forecasted growth rate of 1.12% over this period.
Future trends to watch for include potential shifts in consumer preferences towards healthier and plant-based alternatives, which could influence traditional dairy products. Additionally, sustainability practices and regulatory changes in food production could impact the industry's dynamics. Monitoring these factors will be crucial for anticipating further developments in the dairy spreads market.
