The forecast for global skim milk powder consumption in 2024 shows Mexico leading with 401.58 thousand metric tons. Indonesia and Brazil follow with 216.26 and 141.49 thousand metric tons, respectively. Other key markets include Egypt, Chile, Switzerland, New Zealand, and Ethiopia. Between 2023 and 2030, Mexico's demand shows a modest annual increase of 0.88%, while Indonesia and Egypt display robust annual growth rates of 2.25% and 3.47%, respectively. Switzerland sees a slight decline in demand. Most other countries, including New Zealand and Ethiopia, show gradual increases.
Future trends to watch include the emerging growth in Indonesia and Egypt as they continue to expand their markets for skim milk powder. This trend is driven by increasing urbanization and dietary shifts. Additionally, considering Mexico's leading position, any change in its import tariffs or trade policies could significantly impact global supply chains.
Top countries in Skim Milk Powder Food by Country
| # | 8 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Mexico | 401.58 | 2030 | +0.83% | +0.88% | View data |
| 2 | 2 Indonesia | 216.26 | 2030 | +1.98% | +2.25% | View data |
| 3 | 3 Brazil | 141.49 | 2030 | +1.3% | +1.41% | View data |
| 4 | 4 Egypt | 86.71 | 2030 | +3.21% | +3.47% | View data |
| 5 | 5 Chile | 16 | 2030 | +3.44% | +3.72% | View data |
| 6 | 6 Switzerland | 9.83 | 2030 | -0.57% | -0.41% | View data |
| 7 | 7 New Zealand | 8.14 | 2030 | +0.012% | +0.054% | View data |
| 8 | 8 Ethiopia | 1.27 | 2030 | +2.18% | +2.24% | View data |
