In 2023, Brazil's dairy products sector was valued at 97.5 billion Brazilian Reals. The forecast for the sector shows steady growth from 2024 to 2028, with values reaching 113.48 billion by 2028. This equates to an average annual compound growth rate (CAGR) of approximately 3.06% over the five-year period. Year-on-year growth is expected to be 3.31% from 2024 to 2025 and slightly decreasing to around 2.84% by 2027 to 2028, indicating a gradual but consistent upward trend in production value.
Future trends to watch for include:
- Technological advancements improving production efficiency and quality.
- Changing consumer preferences towards health-conscious and sustainable products.
- Potential impacts of economic and policy changes on production costs and export competitiveness.
- Climate change effects on raw material availability and costs.