The consumption of fluid milk for factory use in Australia was 5.72 million metric tons in 2023. In 2024, it is forecasted to decline to 5.29 million metric tons, representing a year-on-year decrease of approximately 7.52%. This downward trend continues with a further decrease of about 4.35% in 2025, 4.55% in 2026, 4.55% in 2027, and 4.77% in 2028.
Over the last five years, there is an average annual decline (CAGR) of around 6.21% in the consumption of fluid milk for factory use.
Future trends to watch for include the increasing competition from plant-based milk alternatives, advancements in dairy processing technology, and potential shifts in consumer preferences towards more sustainable and health-conscious choices.
