The whole condensed milk production in Thailand shows a steady increase from 2024 to 2028, reflecting consistent growth in the industry. Production is expected to rise from 28.29 thousand metric tons in 2024 to 29.73 thousand metric tons in 2028. In 2023, actual production was 27.93 thousand metric tons.
Year-on-year variations reveal the following growth rates over the past two years:
- 2023 to 2024: +1.29%
- 2024 to 2025: +1.31%
The average annual growth rate (CAGR) from 2023 to 2028 stands at approximately 1.56%.
Future trends to watch for include potential impacts of global market shifts, changes in consumer preferences, and advancements in production technology, which may further influence Thailand’s whole condensed milk market dynamics.
