Forecast: Cream Market Size Volume in Kenya

The Kenyan cream market has shown fluctuating growth from 2014 to 2023. In 2023, the volume stood at 23.0 thousand metric tons, reflecting stability with no year-on-year variation. From 2014 to 2015, the market saw a decline of 9.09%, followed by a notable increase of 20% in 2016. Whether it's minor declines or growth spurts, the market generally hovered around the 23.0 thousand metric tons mark from 2018 onwards.

Over the last two years, the market has maintained stability with zero percent year-on-year variation each year. The compound annual growth rate (CAGR) over the last five years (2023-2018) is 0%, indicating no significant growth or decline over this period. Looking forward to the future, the forecasted market shows a very modest CAGR of 0.24% from 2024 to 2028, with an anticipated growth rate of 1.21% by 2028.

Future trends to watch for include potential impacts of economic policies on dairy farming, consumer dietary shifts towards plant-based alternatives, and technological advancements in the dairy industry that might influence production efficiency and cream quality.