The nonfat dry milk consumption in Brazil is expected to exhibit a steady growth, increasing annually by approximately 1,000 metric tons from 2024 through 2028. The data show consistent year-on-year growth, highlighting a stable demand in the market. In 2023, consumption was recorded at 191,000 metric tons, marking the base year for these forecasts. The compound annual growth rate (CAGR) over the five-year period is estimated at just over 0.5%, indicating a modest but positive trend.
Future trends to watch for include:
- Changes in domestic dairy production and pricing dynamics.
- Shifts in consumer preferences towards nonfat dairy products.
- Trade policies and global market conditions impacting import volumes.
