Skimmed cow milk production in Mexico stood at 465.32 thousand metric tons in 2023. Historical data reflects moderate year-on-year growth with few fluctuations, notably a decline in 2020 of -4.32% followed by a strong recovery in 2021 at a 6% increase. The compound annual growth rate (CAGR) from 2018 to 2023 is around 0.7%. Over the next five years, a CAGR of 0.53% is expected, summing up to a growth rate of approximately 2.7% by 2028.
Future trends to watch include:
- Potential impact of climate change on agricultural yields
- Shifts in consumer preferences towards plant-based milk alternatives
- Technological advancements and efficiency improvements in dairy farming
