The cow milk butter production in Spain has shown notable fluctuations over the past decade. From a low point of 35.0 thousand metric tons in 2014, production escalated significantly to 51.92 thousand metric tons by 2023. Noteworthy growth periods include 2017, which saw a remarkable year-on-year increase of 17.8%, and the more recent steady rise, with year-on-year growth rates stabilizing around 1.5% in both 2022 and 2023.
In the last two years, the production has incremented by 1.5% annually, signifying a period of stability. Considering the 5-year CAGR of 1.61% up to 2023, the industry shows a modest but consistent upward trend.
Forecasts for the upcoming years predict a continuous growth trajectory, with an expected CAGR of 1.17% from 2024 to 2028, cumulatively leading to nearly a 6% increase in production volume by 2028.
Future trends to monitor include potential impacts from technological advancements in dairy farming, changes in consumer preferences, and the influence of environmental policies on production practices.
