Milk production in Mexico has shown consistent growth from 2013 to 2023, with a value standing at 13.45 million metric tons in 2023. Year-on-year variations indicate a generally increasing trend, with the highest yearly growth seen in 2018 at 2.02%. Over the last two years, the year-on-year growth rates have been 1.31% and 1.28% respectively, suggesting a slight deceleration. The compounded annual growth rate (CAGR) over the past five years stands at 1.67%. Forecast data suggests a continued increase, albeit at a slower pace, with a projected 5-year CAGR of 0.92% and an anticipated value of 14.25 million metric tons by 2028, reflecting a total growth rate of 4.67% over five years.
Future trends to watch for:
- Impact of technological advancements in dairy farming on productivity.
- Changes in government policies affecting agricultural subsidies and tariffs.
- Shifts in domestic and international demand for dairy products.
- Climate change effects on cattle health and milk yield.
- Adoption of sustainable and organic farming practices.
