The US import of concentrated unsweetened milk and cream is forecasted to increase steadily from 2024 to 2028, starting from 20.144 million USD to reaching 22.87 million USD. In 2023, the baseline value was approximately 19.5 million USD, indicating a trend of continuous growth. The annual year-on-year variation from 2024 to 2028 consistently shows a moderate percentage increase, reflecting a stable demand in this segment. The five-year Compound Annual Growth Rate (CAGR) averages around 3.2%, demonstrating a robust, albeit gradual, expansion within the US market for these imports.
Looking forward, several trends warrant attention:
- Global dairy supply chain fluctuations and their impact on import costs.
- Potential changes in trade policies affecting dairy imports.
- Consumer preferences shifting towards healthier dietary options, possibly affecting demand dynamics.
- Technological advancements in dairy processing and preservation affecting import quantities.