In 2023, the import of unsweetened milk and cream powder to the US stood at approximately 3.96 million kilograms. By 2024, forecasted imports are projected to decrease to 3.6921 million kilograms, marking a roughly 6.8% decline year-on-year. This downward trend is expected to persist, with imports dropping by 8.0% to 3.3967 million kilograms in 2025 and further reducing by 8.5% each year throughout the forecast period. By 2028, imports are anticipated to fall to 2.5454 million kilograms. The compound annual growth rate (CAGR) over these five years reflects an average decrease of approximately 8.8% per annum.
Future trends to watch for include:
- Possible changes in trade policies and tariffs that could impact import volumes.
- Shifts in consumer preferences towards plant-based alternatives.
- Technological advancements in domestic production reducing reliance on imports.