The US imports of condensed and evaporated whole milk are forecasted to increase steadily between 2024 and 2028 from 77.11 million pounds to 82.14 million pounds. This represents a compound annual growth rate (CAGR) of approximately 1.62% over the five-year period. As of 2023, the import volume stood at slightly below the 2024 projection, yet the forecast suggests a consistent upward trajectory.

Future trends to watch for include:

The impact of changes in US consumer preferences towards dairy alternatives, which could potentially moderate import growth.
Trade agreements and tariffs affecting cost structures and import volumes.
Fluctuations in global milk production impacting supply and pricing dynamics.