The domestic consumption of Dry Whole Milk Powder in Brazil stood at 685.0 thousand metric tons in 2023. Analyzing the forecasted data from 2024 to 2028 shows a steady increase in consumption. Specifically, the figures are 698.0 thousand metric tons in 2024, 709.0 in 2025, 719.0 in 2026, 730.0 in 2027, and 740.0 thousand metric tons in 2028. The year-on-year growth rates are as follows:
- 2024: 1.9%
- 2025: 1.6%
- 2026: 1.4%
- 2027: 1.5%
- 2028: 1.4%
Over the last five years, the compound annual growth rate (CAGR) stands at approximately 1.6%, indicating a consistent upward trend in domestic consumption.
Future trends to watch for include potential shifts in consumer preferences toward plant-based milk alternatives, economic factors impacting purchasing power, and any changes in international trade policies that could affect supply and pricing. Keeping an eye on these trends can help anticipate further fluctuations in domestic consumption.
