Forecast: Nonfat Dry Milk Domestic Consumption in China

In 2023, China's domestic consumption of Nonfat Dry Milk stood at 417.0 thousand metric tons. Forecasted data shows a steady increase: 425.0 in 2024, rising approximately 2.1% year-on-year to reach 461.0 by 2028. The compound annual growth rate over this period is around 2.0% annually, reflecting moderate, yet steady demand growth.

Future trends to watch for:

  • Rising consumer awareness and demand for health products could further boost consumption.
  • Potential fluctuations in global dairy prices impacting domestic pricing.
  • Government policies promoting dairy consumption could further influence market expansion.
  • Evolving consumer preferences towards plant-based alternatives might impact demand growth.

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