In 2023, the domestic consumption of dry whole milk powder in the US stood at 39.0 thousand metric tons. The forecasts for 2024 to 2028 maintain a consistent demand level of 39.0 thousand metric tons annually. There is no year-on-year variation projected, indicating stable consumption rates over the forecasted period. The compound annual growth rate (CAGR) over five years remains at 0%, demonstrating no expected growth or decline in domestic consumption levels.
Future trends to watch for:
- Potential shifts in consumer preferences towards plant-based dairy alternatives.
- Changes in international trade policies that could affect domestic production and availability.
- Technological advancements in dairy production that may impact supply chains.