In 2023, the consumption of dry whole milk powder in the US stood at 76.0 thousand metric tons. The forecasted consumption from 2024 to 2028 remains constant at 76.0 thousand metric tons each year. This indicates a stable view of the dry whole milk powder market with no year-on-year variation in percentage over the forecast period. The CAGR over the last five years also shows no variation, maintaining a consistent consumption level.
Future trends to watch for:
• changes in dietary trends and consumer preferences which may impact demand;
• potential supply chain disruptions affecting import and export dynamics;
• advancements in dairy alternatives or innovations in milk powder technology;
• environmental regulations and their impact on dairy production and distribution.
