The nonfat dry milk human domestic consumption in China experienced steady growth from 2024 to 2028. Starting from a forecasted 425 thousand metric tons in 2024, it is projected to increase annually, reaching 461 thousand metric tons by 2028. This consistent increase reflects an average annual growth rate of approximately 2% over the five-year period. In comparison to 2023, where actual consumption data would provide a baseline, these forecasts suggest positive upward trends emphasizing increasing demand.
Future trends to monitor include:
- Potential shifts in consumer preferences towards healthier, low-fat dairy options contributing to increased demand.
- Changes in trade policies impacting imports that may affect domestic consumption rates.
- Developments in domestic dairy production capacity and technology that could influence market dynamics.