The domestic consumption of dry whole milk powder in China is projected to grow steadily from 1.73 million metric tons in 2024 to 1.83 million metric tons by 2028. In 2023, this consumption stood at around 1.71 million metric tons. The year-on-year growth highlights a consistent increase, with each year seeing nearly a 1-2% rise. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) indicates an average annual growth of approximately 1.7%.
Future trends to watch include consumer health awareness driving demand for nutrient-rich dairy products, potential policy changes affecting dairy imports, and evolving domestic production capabilities that could influence market dynamics.
