Milk - Germany

Germany

Gross production value in Milk market is projected to amount to US$0.59bn in 2024. An annual growth rate of 2.84% is expected (CAGR 2024-2028), resulting in gross production value of US$0.66bn in 2028.
The import value in Milk market is projected to amount to US$1.0bn in 2024. An annual growth rate of -1.27% is expected (CAGR 2024–2028).
The export value in Milk market is projected to amount to US$0.8bn in 2024. An annual growth rate of -0.98% is expected (CAGR 2024–2028).

Key regions: United States, Brazil, United Kingdom, Spain, Italy

Market

Region

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Currency

Analyst Opinion

Germany, known for its love of beer, also has a strong affinity for milk. The milk market in Germany has been evolving with changing customer preferences and local special circumstances.

Customer preferences: The German population is increasingly opting for plant-based milk alternatives due to health and environmental concerns. However, traditional dairy milk still holds a significant share of the market. Consumers are also showing a preference for organic and locally sourced milk products.

Trends in the market: The milk market in Germany is witnessing a decline in overall consumption due to the increasing popularity of plant-based milk alternatives. However, there is a growing demand for premium milk products such as organic and grass-fed milk. The market is also seeing a rise in innovative milk-based products such as lactose-free and protein-enriched milk.

Local special circumstances: Germany has a strong tradition of dairy farming, with many small and medium-sized farms producing milk. However, the industry is facing challenges due to rising production costs and low milk prices. Additionally, the country has strict regulations on milk production and processing, which can impact the market.

Underlying macroeconomic factors: The German economy is the largest in Europe and has a strong influence on the milk market. The country's high purchasing power and increasing awareness of health and environmental issues are driving the demand for premium milk products. The industry is also impacted by global factors such as trade agreements and tariffs.

Methodology

Data coverage:

The data encompasses B2B. Figures are based on the value of gross production in the agriculture market, which values of production are calculated by multiplying gross production by output prices at the farm gate.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use resources from the Statista platform as well as annual financial reports of the market-leading companies and industry associations, third-party studies and reports, national statistical offices, international institutions, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting agriculture products due to the non-linear growth of this market, especially because of the direct impact of climate change on the market.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.