In 2023, US milk production was estimated at approximately 104.60 million metric tons. The forecast data indicates a consistent growth in milk production from 2024 to 2028, starting at 105.76 million metric tons in 2024 and reaching 110.35 million metric tons by 2028. This growth represents an average annual increase (CAGR) of around 1.11% over the five-year period. The year-on-year increase in production consistently hovers around the 1 - 1.5% range.
Future trends to watch for include potential impacts of climate change on dairy farming, shifts in consumer preference towards plant-based alternatives, and technological advancements in dairy production. These factors could influence the growth trajectory and sustainability of milk production in the US.
