In 2023, China's butter consumption stood at 258.0 thousand metric tons. The forecasted data indicates a steady increase in consumption from 2024 to 2028, starting with 266.0 thousand metric tons in 2024, reaching 294.0 thousand metric tons by 2028. This reflects a continued growth trend in butter consumption, highlighting a cultural or lifestyle shift that embraces more Western dietary habits.
- Year-on-year growth rates depict an upward trend with butter consumption growing by approximately 2.6% annually.
- The compound annual growth rate (CAGR) from 2024 to 2028 is estimated to be around 2.5%.
Future trends to watch:
- Shifts in dietary preferences towards more Western-style diets.
- Regulatory changes impacting dairy imports and exports.
- Eco-conscious consumer behavior possibly influencing dairy consumption patterns.
