In 2023, the supply of nonfat dry milk in Japan stood at 262.0 thousand metric tons. Forecasts predict a slight increase with supply numbers reaching 263.0 thousand metric tons in 2024, followed by 264.0 thousand metric tons from 2025 to 2027, and 265.0 thousand metric tons by 2028.
Key Observations:
- Year-on-year variation shows a steady but marginal growth, with an increase of 0.38% from 2024 to 2025.
- The trend remains flat from 2025 through 2027.
- Another small increment occurs from 2027 to 2028, representing a 0.38% rise.
- The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately 0.28%.
Future Trends to Watch For:
- Potential policy changes affecting dairy production.- Advances in dairy technology and farming methods.- Import-export dynamics and their impact on domestic supply.- Shifts in consumer dietary preferences and health trends.
