The Dry Whole Milk Powder domestic consumption in the Philippines was at 12.0 thousand metric tons in 2023. The forecasted data from 2024 to 2028 indicates a declining trend. In 2024 and 2025, consumption remains stable at 11.0 thousand metric tons, representing an 8.3% decrease from 2023. By 2026 and 2027, the consumption further reduces to 10.0 thousand metric tons, marking a year-on-year decline of 9.1%. In 2028, the downward trend continues with a projected consumption of 9.0 thousand metric tons, a decrease of 10% compared to the previous year.
Future Trends to Watch For:
- Emerging alternative milk products may influence further declines.
- Economic factors and population growth trends could impact consumption patterns.
- Potential changes in dietary preferences and health trends could also affect future demand.
