In 2023, the dairy products sector in Italy stood at €21.75 billion. From 2013 to 2023, the sector demonstrated an uneven growth trend with notable fluctuations. Particularly, 2017 saw the highest year-on-year growth of 11.85%, and occasional declines, such as a -3.39% drop in 2015. The past two years, 2021 and 2022, showed steady modest growths of 1.98% and 1.95%, respectively. The sector's Compound Annual Growth Rate (CAGR) over the last five years was 2.1%, indicating moderate but consistent expansion.
Forecasting from 2024 to 2028 suggests ongoing growth, with an expected rise to €23.71 billion by 2028. The forecasted 5-year CAGR of 1.37% indicates a slower but steady growth trajectory, amounting to a total growth rate of 7.05% over the period.
Future trends to watch for include:
- Technological advancements in dairy production and processing.
- Increasing consumer demand for organic and plant-based dairy alternatives.
- Potential impacts of climate change on agricultural outputs and dairy yield.
- Regulatory developments concerning health and sustainability in food production.
