The whole fresh cow milk producing population in Chile has experienced notable fluctuations over the past decade, with significant declines punctuated by sharp increases in certain years. The population stood at 509.48 thousand heads in 2023, reflecting a 4.04% year-on-year decrease. Over the preceding five years, the compound annual growth rate (CAGR) was -3.51%, indicating a steady decline. Notably, there were substantial fluctuations, such as the drastic -29.66% in 2017 and a rebound of 48.92% in 2018, followed by consistent drops until 2023. Looking forward, the trend is expected to continue downwards, with a 16.35% forecasted reduction by 2028, maintaining the 5-year CAGR at -3.51%.
Future trends to watch for:
- Climate change impacts on dairy farming conditions.
- Shifts in consumer preference towards plant-based milk alternatives.
- Policy changes and government support for the dairy industry.
