Milk - Spain | Statista Market Forecast

Revenue in the Milk market amounts to US$4.40bn in 2024. The market is expected to grow annually by 4.83% (CAGR 2024-2029).
In global comparison, most revenue is generated India (US$71bn in 2024).
In relation to total population figures, per person revenues of US$92.77 are generated in 2024.
In the Milk market, volume is expected to amount to 3.54bn kg by 2029. The Milk market is expected to show a volume growth of 1.9% in 2025.0.
The average volume per person in the Milk market is expected to amount to 67.9kg in 2024.

Definition:

Milk is defined as a protein- and fat-rich opaque white or creamy-colored fluid. This combination of nutrients can also be milked from other animals such as sheep and goats, but from an economic perspective, cow's milk remains the world's most important dairy product.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), and sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.

For more information on the displayed data, click the info button on the right side of each box.

Regular fresh milk
Full-fat milk, reduced-fat milk, low-fat milk, skimmed milk, semi-skimmed milk
Regular pasteurized milk, ultra-pasteurized (UHT) milk, raw milk
Flavored milk, barista milk
Lactose-free milk

Preserved and powdered milk
Yogurt drinks
Non-dairy milk substitutes
Out-of-home consumption

In Spain, the Milk Market in the Dairy Products & Eggs Market within The Food market is experiencing minimal growth. Factors such as fluctuating consumer demand, increasing competition, and changing dietary preferences are impacting this growth rate. However, the market is still driven by the convenience and health benefits offered by milk products.

Customer preferences: Consumers in Spain are increasingly gravitating towards plant-based milk alternatives, such as almond, soy, and oat milk, as they look for healthier and more environmentally sustainable options. This shift is driven by growing concerns over the impact of dairy production on the environment and animal welfare. Additionally, the rise of veganism and flexitarian diets is also contributing to the growth of the plant-based milk market in Spain.

Trends in the market: In Spain, the Milk Market of the Dairy Products & Eggs Market within The Food market is seeing a shift towards organic and plant-based milk products, as consumers become more health-conscious and environmentally aware. This trend is expected to continue, with a growing demand for alternative milk options such as almond, soy, and oat milk. Additionally, there is a rise in online milk delivery services, providing convenience for consumers and boosting the e-commerce sector. These developments present opportunities for industry players to innovate and diversify their product offerings to meet changing consumer preferences.

Local special circumstances: In Spain, the Milk Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's strong agricultural sector and the popularity of traditional dairy products such as cheese and yogurt. The Mediterranean climate also allows for year-round milk production, contributing to a steady supply for the market. Additionally, Spain's strict regulations on food safety and animal welfare ensure high-quality dairy products, making it a trusted source for both domestic and international consumers.

Underlying macroeconomic factors: The Milk Market of the Dairy Products & Eggs Market within The Food market in Spain is greatly affected by macroeconomic factors such as consumer purchasing power, economic stability, and trade policies. The country's strong economic growth and stable political environment have contributed to the steady demand for dairy products, while favorable trade agreements have allowed for increased imports and exports. Additionally, the rising health consciousness and changing dietary preferences of consumers have led to a higher demand for healthier and organic dairy products, driving market growth. However, the increasing competition from alternative plant-based milk products and fluctuations in milk prices due to global supply and demand imbalances pose challenges to the market's growth.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, 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. This data helps us estimate the market size for each country individually.

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 exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

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.