The forecasted Whole Fresh Cow Milk Producing Population in Vietnam indicates a steady upward trend from 2024 to 2028. Specifically, the population is expected to grow from 379.99 thousand heads in 2024 to 426.37 thousand heads in 2028. Assuming the population stood at 368.21 thousand heads in 2023, the year-on-year growth rates for the next five years show consistent increases: a 3.2% rise from 2023 to 2024, 3.1% from 2024 to 2025, 3.0% from 2025 to 2026, 2.8% from 2026 to 2027, and 2.7% from 2027 to 2028. This results in a CAGR of approximately 2.9% from 2023 to 2028.
Future trends to watch include advancements in dairy farming technology and practices, which could further optimize production efficiency. Additionally, any shifts in domestic or export demand for fresh cow milk products could significantly impact the actual production figures, necessitating adjustments to forecast models. Changes in government policies related to agriculture and dairy farming will also be critical to monitor.
