In 2023, the consumption of plain lowerfat and skim milk (2%) in the US stood at 42.83 pounds per person. The forecasted data from 2024 to 2028 indicate a consistent declining trend, with values dropping progressively from 41.81 pounds in 2024 to 37.83 pounds in 2028. Year-on-year variations show a decrease of approximately 2.5% annually between 2024 and 2026, with a slightly lower rate of decline observed in the subsequent years.
Over the five-year forecast period, the compound annual growth rate (CAGR) reflects an average decrease of about 2.39% per year. This steady decline suggests changing consumer preferences or dietary trends potentially impacting dairy milk consumption.
Future trends to watch for include the continued rise of plant-based milk alternatives, evolving dietary guidelines, and increasing health awareness among consumers, which might further impact the demand for traditional cow's milk options like lowerfat and skim variants.
