The sold production of skimmed milk and cream powder in Germany has demonstrated fluctuating trends from 2013 to 2023, standing at 1048 million euros in 2023. The year-on-year variation for 2023 shows a growth of 3.05%. Over the past two years (2022-2023), sold production increased by 6.27%. Observing the last five years up to 2023, the compound annual growth rate (CAGR) is calculated at 8.02%, reflecting a robust upward trend in recent years.
Future projections indicate that sold production is expected to continue its upward trajectory, reaching 1198.6 million euros by 2028. The forecasted average annual growth rate over the next five years is 2.13%, with an overall growth rate of 11.11% for this period.
Future trends to watch for include:
- Changes in consumer preferences towards more sustainable and health-oriented dairy products.
- Impact of global economic factors on export demand and pricing structures.
- Technological advancements in production processes enhancing efficiency and output.
- Regulatory developments within the European dairy market.