The dairy products sector in Italy is forecasted to experience a steady decline in the number of enterprises from 2024 to 2028. In 2023, there were approximately 2.50 thousand enterprises. From 2024, a decrease began, dropping to 2.37 thousand and expected to continue to 1.83 thousand in 2028. This represents an average annual decline (CAGR) of around 5.4% over this period, with year-on-year reductions reflecting shrinking business numbers.
Future trends to watch for include:
- Increased consolidation in the industry as smaller enterprises close or merge.
- Potential shifts toward innovative business models focusing on sustainability and plant-based alternatives.
- Impact of evolving consumer preferences and possible regulatory changes on the market dynamics.