The domestic consumption of nonfat dry milk in Mexico for 2023 stood at 432.1 thousand metric tons. The forecasted data indicate a gradual increase in consumption from 2024 to 2028, with an annual growth rate of approximately 1.1% derived from year-on-year variations observed. The Compound Annual Growth Rate (CAGR) over the five-year period is estimated at 1.1% as well, reflecting a consistent upward trend in demand.
Future trends to watch for include possible shifts in dietary preferences towards healthier and fortified milk alternatives, the impact of economic fluctuations on consumer purchasing power, and potential changes in trade policies affecting supply chains. Additionally, tracking innovations in the dairy sector and government health initiatives aimed at promoting dairy consumption will be essential for understanding long-term market dynamics.
