In Greece, the evaporated milk market reached a volume of 153.67 million kilograms in 2023. From 2013 to 2023, the market witnessed fluctuations, with notable declines in early years but steady growth from 2020 onwards. Over the last two years, the market grew year-on-year by 5.14% in 2022 and 4.83% in 2023. The five-year compound annual growth rate (CAGR) was 6.58%, suggesting a strong recovery and consistent upward trend from earlier declines.
Future trends to watch for in the evaporated milk market include:
- Potential impacts of health-conscious consumer trends on dairy consumption.
- Innovation in product offerings, such as lactose-free options, to address growing dietary preferences.
- Economic factors and consumer purchasing power which may influence market growth.
