The production of cow milk butter in Chile demonstrated a steady growth from 2013 to 2023, with minor fluctuations. The value in 2023 stood at 26.75 thousand metric tons. Analyzing year-on-year variations, there were some insignificant declines, notably in 2020, but overall production steadily increased, with the highest growth in 2021 at 7.38%. Over the past five years, the compound annual growth rate (CAGR) averaged 2.02%.
Forecasts from 2024 to 2028 show continued growth, with production expected to reach 29.29 thousand metric tons by 2028. The average annual growth rate for these years is projected at 1.43%, totaling a 7.37% increase over these five years.
Future trends to watch for include potential impacts from global supply chain disruptions, shifts in consumer preferences towards plant-based alternatives, and local dairy farming efficiencies. Monitoring these factors will be crucial for understanding and navigating the future market landscape.
