The turnover in the dairy products sector in Italy demonstrated variability from 2013 to 2023, growing from 19.01 billion euros in 2013 to 21.15 billion euros in 2023. The sector experienced notable fluctuations, including contractions between 2014 and 2015, significant growth in 2017, and a consistent upward trend from 2019 to 2023. By 2023, a 1.47% year-on-year increase was evident, indicating stable growth patterns.
Looking forward, the forecasted data suggests a continuous rise in turnover, reaching 22.63 billion euros by 2028. The expected CAGR from 2024 to 2028 stands at 1.08%, displaying moderate growth potential.
Future trends to watch for include:
- Increased consumer demand for organic and sustainable dairy products.
- Technological advancements in production and distribution efficiency.
- Potential impacts of regulatory changes on the sector.
- Evolving consumer preferences towards plant-based alternatives.
