Based on the forecasted data, milk gross production in Thailand is expected to increase steadily from 2024 to 2028. In 2024, the production value is predicted to be 518.34 million USD, growing to 542.7 million USD by 2028. Comparing 2024 to 2023, the percentage increase is modest. The year-on-year growth percentages from 2025 to 2028 average around 1.2% annually. The compound annual growth rate (CAGR) over the forecasted period is approximately 1.15%.
Future trends to watch for include:
• Changing consumer preferences towards plant-based milk alternatives
• Developments in dairy technology and efficiency
• Potential impacts of climate change on dairy farming
• Fluctuations in international trade policies that could affect exports and imports
