In 2023, the fluid milk supply in China stood at approximately 43.01 million metric tons. From 2024 to 2028, the forecasted values indicate a steady increase year-on-year. The supply is projected to reach 44.72 million metric tons in 2024, up by 3.97% from the previous year. By 2025, the fluid milk supply is expected to increase to 46.51 million metric tons, marking a 4.01% rise from 2024. The continuation of this upward trend results in 48.29 million metric tons in 2026, up by 3.82%, and 50.05 million metric tons in 2027, representing a 3.64% increase. By 2028, the supply is forecasted to hit 51.79 million metric tons, showing a 3.48% rise. Calculated over five years, the Compound Annual Growth Rate (CAGR) stands at roughly 3.78%.
Future trends to watch for in the Chinese fluid milk market include possible influences from evolving consumer preferences towards dairy alternatives, government policies affecting dairy farming, and international trade agreements that could impact the dairy industry's supply chain. Additionally, technological advancements in dairy farming and production efficiency will play a significant role in shaping the future dynamics of fluid milk supply in China.
