The forecasted consumption of Dry Whole Milk Powder in the Philippines for the years 2024 through 2028 displays a downward trend. It is notable that the value stood at 13.0 Thousand Metric Tons in 2023. From 2024 to 2025, the consumption remains stable at 12.0 Thousand Metric Tons. However, there is a year-on-year decrease of 8.33% in 2026 to 11.0 Thousand Metric Tons. This decline continues with a 9.09% drop to 10.0 Thousand Metric Tons in 2027, followed by another 10.0% decrease to 9.0 Thousand Metric Tons in 2028. Over the last five years, the Compound Annual Growth Rate (CAGR) indicates an average annual reduction of 9.17%.
Future trends to watch for include potential shifts in consumer preferences towards plant-based alternatives, changes in import-export policies affecting supply chains, and economic factors that may influence consumption patterns. Monitoring these factors will be crucial for anticipating future market dynamics.
