In 2023, the production of nonfat dry milk in the US stood at 1.21 million metric tons. For 2024, the forecasted production is 1.22 million metric tons, marking a slight year-on-year increase of 0.83%. Production is expected to grow marginally, reaching 1.23 million metric tons in 2025 and maintaining that level through 2028. This forecast indicates a stable trend with only a minimal year-on-year increase of 0.82% from 2024 to 2025 and no significant changes thereafter. The Compound Annual Growth Rate (CAGR) over the next five years is projected to be 0.33% per year.
Future trends to watch for include potential changes in dairy farm efficiency, fluctuations in global dairy demand, regulatory changes, and advancements in milk processing technology. These factors could influence both the production capacity and market dynamics of nonfat dry milk.
