The forecasted consumption of fluid milk and cream in the US shows a decline from 2024 to 2028. In 2023, the consumption stood at 154.7 pounds. In 2024, the predicted consumption is 152.45 pounds, marking a year-on-year decrease of 1.45%. For 2025, the consumption is forecasted at 150.1 pounds, a 1.54% decline compared to 2024. In 2026, the consumption is expected to be 147.81 pounds, reflecting a decrease of 1.52% from 2025. The forecast for 2027 stands at 145.56 pounds, showing a reduction of 1.52% from 2026. By 2028, consumption is projected to reach 143.35 pounds, a 1.52% drop from 2027.
Over the last two years, there has been an average decline of 1.49% year-on-year. The five-year Compound Annual Growth Rate (CAGR) suggests an average annual decrease of approximately 1.51% in fluid milk and cream consumption from 2024 to 2028.
Future trends to watch for would include the impact of dairy alternatives on milk consumption, potential changes in consumer preferences and dietary choices, as well as shifts in demographic factors that might influence the overall demand for dairy products in the US market.
