The consumption of nonfat dry milk in the US is forecasted to grow steadily from 1.23 million metric tons in 2024 to 1.31 million metric tons in 2028. This represents a compound annual growth rate (CAGR) of approximately 1.6% over the next five years. The year-on-year growth rates from 2024 to 2028 are consistently around 1.6% to 1.8%, indicating stable growth in this sector. In 2023, the actual consumption stood at 1.21 million metric tons, marking a solid foundation for future consumption trends.

The following trends should be watched for in future forecasting:

Potential impacts of economic shifts on consumer spending and dairy product affordability.
Shifts in dietary preferences towards plant-based or alternative milk products influencing nonfat dry milk consumption.
Technological advancements in production and preservation that could impact supply and distribution efficiency.
Government policies and international market dynamics affecting exports and imports of nonfat dry milk products.