In 2023, China’s dry whole milk powder production stood at 1.18 million metric tons. The forecasted data indicates a gradual increase from 2024 through 2028, with production expected to rise from 1.2 to 1.29 million metric tons. Year-on-year growth ranges between 1.67% and 2.38%, with a compound annual growth rate (CAGR) of approximately 1.84% over the five years.
Future trends to watch for include:
- Shifts in domestic demand influenced by dietary changes and population growth.
- Export market opportunities fueled by global demand for dairy-based products.
- Potential impacts of sustainability and regulatory policies affecting production practices.