In Argentina, the demand for cream was recorded at 2.95 Thousand Metric Tons in 2023. Forecasted data shows a consistent declining trend with cream demand decreasing year-on-year from 2024 to 2028. Specifically, the demand is projected to be 2.91 in 2024, 2.85 in 2025, 2.8 in 2026, 2.74 in 2027, and 2.69 in 2028. This represents a continuous decline each year, indicative of a shifting market landscape.
Year-on-year percentage variation highlights:
- 2023-2024: -1.36%
- 2024-2025: -2.06%
- 2025-2026: -1.75%
- 2026-2027: -2.14%
- 2027-2028: -1.83%
The Compound Annual Growth Rate (CAGR) over the last five years stands at approximately -1.83% per year.
Future trends to watch for include: potential changes in consumer preferences towards healthier substitutes, economic factors influencing purchasing power, and emerging market dynamics within the dairy industry. Monitoring these factors will be essential in understanding and predicting further shifts in cream demand.
