In 2023, China's dry whole milk powder supply stood at an estimated 1.87 million metric tons. Forecasts suggest a steady annual growth, with volumes expected to reach 1.9 million metric tons in 2024, gradually increasing to 2.01 million metric tons by 2028. This reflects a year-on-year growth of approximately 1.58% since 2023, with a five-year compound annual growth rate (CAGR) of 1.38% projected for the period ending in 2028.
Future trends to watch for include potential shifts in domestic consumer demand, policy changes impacting dairy imports and exports, and technological advancements in dairy processing that could influence supply dynamics.
