The forecast for dry whole milk powder domestic consumption in Mexico indicates a gradual increase from 2024 to 2028, reaching a steady level of 130.0 thousand metric tons. In 2023, the actual consumption stood at 126.0 thousand metric tons. The year-on-year variation shows a consistent growth of approximately 0.8% from 2024 to 2027, with no increase projected from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 indicates a modest, stable increase of around 0.6% per year.
Future trends to watch for:
- Potential shifts in dairy consumption patterns due to economic and demographic factors.
- Impact of trade policies and agreements on milk powder imports and domestic production.
- Technological advancements in dairy processing and preservation techniques.
- Changes in consumer preferences towards plant-based alternatives and their effect on dry whole milk powder consumption.
- Weather and environmental conditions affecting dairy farming productivity.