The forecast for evaporated and condensed whole milk consumption in the US shows a gradual decline from 1.77 pounds in 2024 to 1.7 pounds in 2028. In 2023, consumption stood at 1.79 pounds, indicating a downward trend. Year-on-year variations reveal a slight decrease of approximately 1.1% annually between 2024 and 2028. The compound annual growth rate (CAGR) over these five years is negative, signifying a steady decline in consumption habits.

Future trends to watch for include:

The impact of health and dietary trends on milk consumption.
Innovations in dairy alternatives potentially accelerating the decline.
Market shifts due to changes in consumer preferences towards plant-based products.