According to DBK, dairy business has grown 30% in two years due to inflation

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According to provisional data, the dairy sector’s turnover is set to reach 10.7 billion euros in 2023, almost 30% more than two years ago in years marked by inflation, according to a report by DBK Informa.

After a 19% increase in 2022, provisional data showed that the value of the dairy products market is set to increase by about 8% in 2023, to €10.7 billion, in the context of a “sharp increase” in prices throughout the biennium. Is. According to a statement.

According to product segments and data up to 2022, all have experienced positive growth, with milk and butter sales valued at 3,350 million euros, up 25% compared to 2021, and accounting for 33.8% of the total market. .

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For its part, the yogurt and dairy desserts market was valued at 1,925 million euros (+8.8%) in 2022, with a market share of 19.4% in 2022.

After an increase of 20.8%, cheese sales are expected to reach 3,625 million euros in 2022, representing a 36.6% share of the total market value; The other dairy derivatives segment concentrated the remaining 10.1% with EUR 1,000 million, 17.0% more than the previous year.

Foreign trade of dairy products has experienced strong activity in terms of 2022, with an increase of 20% in terms of exports to 1,632 million euros in value.

For its part, the value of purchases abroad has increased by 43% in the above period, reaching 2,625 million euros.

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Number of companies

At the beginning of 2023, there were 1,620 dairy product manufacturing companies (including ice cream manufacturers), with the majority represented by small companies: according to the DBK, more than 80% of companies had fewer than ten employees.

The top positions in the sector include large business groups that monopolize a good part of the market: the top five operators account for 37.1% of the total market in 2022, this percentage increases to 60.0% when the top ten are considered.

Production (million euros), 2022 8,907

Exports (million euros), 2022 1,632

Imports (million euros), 2022 2,625

Market (million euros), 2022 9,900

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-Milk and butter 3,350

-Curd and dairy desserts 1,925

-Queso 3.625

-Other 1,000

Market (million Euro), 2023 (Prof.) 10,675

Concentration (combined market share), 2022

-Top five companies (%) 37.1

-Top ten companies (%) 60.0

market development

-% Was. 2022/2021 +19.1

.% Where. 2023/2022 (Prof.) +7.8

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