Milk consumption at the farm gate in Turkey showed a mostly stable trend from 2013 to 2023, with slight fluctuations in annual values. Consumption stood at 12.42 million metric tons in 2023, marking a growth from 2021 and 2022, which saw respective values of 12.14 and 12.28 million metric tons. The year-on-year variations indicate minor increases, with 1.19% in 2021, followed by 1.14% in 2022 and 1.11% in 2023. The CAGR over the past five years (2018-2023) reflects a modest average annual growth of 0.69%. Looking forward, the forecast for 2024 and beyond suggests a consistent upward trend with a projected five-year CAGR of 0.82%, accumulating to a 4.16% growth rate by 2028.
Future trends to watch for:
- Potential impacts of climate change and environmental policies on milk production capacity.
- Technological advancements in dairy farming that could enhance productivity and yield.
- Shifts in consumer preferences towards alternative milk products which may affect traditional milk consumption.
- Economic factors, such as inflation and price variations, that might influence consumption patterns.
