The forecasted milk production at the farm gate in Brazil is set to decline from €9.76 billion in 2024 to €9.43 billion by 2028. Compared to 2023's actual production of €9.83 billion, the data indicates a yearly reduction, with a decline of approximately 0.8% from 2024 to 2025, 0.83% from 2025 to 2026, 0.94% from 2026 to 2027, and 0.84% from 2027 to 2028. Over the five-year period, the Compound Annual Growth Rate (CAGR) is approximately -0.8%, reflecting an industry trend towards gradual reduction in value.
Future trends to watch for include:
- The impact of technological advancements in dairy farming on production efficiency.
- Shifts in domestic and international demand for Brazilian milk products.
- Economic and environmental policies affecting dairy farming operations and profitability.
- Evolving consumer preferences towards plant-based alternatives.