The production of skimmed cow milk in Thailand experienced significant growth from 2013 to 2023, rising from 5.98 thousand metric tons in 2013 to 102.97 thousand metric tons in 2023. Notable year-on-year fluctuations include an impressive increase of 981.94% in 2014 and consistent growth through the later years with a CAGR of 5.54% from 2018 to 2023. The year-on-year growth in 2023 stood at 4.75%.
Future trends indicate that from 2024 to 2028, skimmed cow milk production is expected to grow at a slower yet steady rate with a forecasted CAGR of 3.07% and a cumulative growth of 16.34%. Industry stakeholders should watch for advancements in dairy farming technologies, potential impacts of climate change on agriculture, and changing consumer preferences towards dairy products.
