The production of whole fresh goat milk in Chile has shown a general declining trend from 2013 to 2023. In 2013, it stood at 11.0 thousand metric tons and has steadily decreased to 6.42 thousand metric tons in 2023. Over the last two years, it decreased by approximately 3% each year. The compound annual growth rate (CAGR) over the last 5 years stands at -4.77%, indicating a steady decline.
Looking forward, the forecasted data suggests a continual decrease in production, with an expected 5-year CAGR of -2.82% and an overall 13.32% reduction from 2023 to 2028.
Future trends to watch for include:
- Changes in consumer preferences for goat milk versus other types of milk.
- Potential government policies or subsidies that could affect production.
- Innovations in agricultural practices that might increase production efficiency.
Careful monitoring of these factors will be crucial for stakeholders in the goat milk industry.
