In 2023, milk consumption at the farm gate in China was recorded at 54.20 million metric tons. From 2024 to 2028, the forecasted data shows a steady increase in milk consumption from 55.23 to 59.4 million metric tons. This reflects a consistent year-over-year growth rate hovering around 1.9% to 2%. Over the five-year forecast period, the compound annual growth rate (CAGR) is expected to be approximately 2.2%.
Future trends to watch for:
- Rising demand due to population growth and increased dairy consumption per capita.
- Potential impacts of technological advancements in dairy farming.
- Sustainability and environmental challenges affecting production.
- Changing consumer preferences towards plant-based alternatives.
