In 2023, pre-forecast actual sales of dry, condensed, and evaporated dairy products in the US amounted to $24.351 billion. Forecasts indicate a steady growth trend in this market, with a year-on-year increase observed: 1.75% in 2025, 1.68% in 2026, 1.62% in 2027, and 1.57% in 2028. Over the last five years, an average annual growth rate (CAGR) of approximately 1.65% is anticipated from 2024 to 2028, signifying robust market expansion.
Future trends to watch:
- Consumer preference shifts towards plant-based dairy alternatives.
- Innovation and diversification in dairy product offerings.
- Impacts of potential regulatory changes regarding dairy health claims.
