The nonfat dry milk consumption in China shows a consistent upward trend from 427.0 thousand metric tons in 2024 to 463.0 thousand metric tons in 2028. This represents year-on-year growth rates of approximately 2.11% from 2024 to 2025, 2.06% from 2025 to 2026, 2.02% from 2026 to 2027, and 1.98% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over the five-year forecast period is around 2.04%, indicating stable growth prospects for this sector.
Future trends to watch for:
- Changes in consumer preferences towards plant-based alternatives, potentially impacting traditional dairy demand.
- Policy shifts on trade and tariffs that could influence import and export dynamics.
- Technological advancements in dairy processing, enhancing product quality and nutritional value.
- Economic factors including income growth influencing purchasing power and dairy consumption patterns.
