The forecasted data shows a consistent year-on-year increase in the market size volume of butter and ghee in the US, expressed in thousand metric tons:
- 2024: 792.7
- 2025: 798.0
- 2026: 803.2
- 2027: 808.3
- 2028: 813.3
Year-on-Year Variation (%):
- 2025/2024: ((798.0 - 792.7) / 792.7) * 100 ≈ 0.67%
- 2026/2025: ((803.2 - 798.0) / 798.0) * 100 ≈ 0.65%
- 2027/2026: ((808.3 - 803.2) / 803.2) * 100 ≈ 0.64%
- 2028/2027: ((813.3 - 808.3) / 808.3) * 100 ≈ 0.62%
CAGR over the last five years (2024-2028): ((813.3 / 792.7) ^ (1/5) - 1) * 100 ≈ 0.50%
Future Trends: The consistent upward trend in the volume of butter and ghee suggests increasing demand, likely driven by consumer preferences for natural and organic products, and potential new health trends. Watch for technology innovations in production and changes in dietary guidelines that could impact market demand.
