In 2023, Brazil's butter production stood at 80.0 thousand metric tons. The forecast for 2024 through 2028 predicts a stable production level at 82.0 thousand metric tons annually. This indicates a consistent production level with a year-on-year increase of 2.5% in 2024 compared to 2023, while no further annual variation is anticipated through 2028. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 will be 0%, reflecting a stable market.
Future trends to watch for:
- Potential impacts of climate change on dairy production which could influence butter supply.
- Evolving consumer preferences towards plant-based alternatives might affect demand for butter.
- Trade policies and export opportunities that may open new markets for Brazilian butter.