The production of dry whole milk powder in Indonesia is forecasted to grow steadily from 67.0 thousand metric tons in 2024 to 69.0 thousand metric tons in 2028. This trajectory indicates a moderate year-on-year growth of around 1.5% for 2024-2025 and 2026-2027, with a consistency in production levels observed in 2025-2026 and 2027-2028, showcasing stability and sustained demand.
Leveraging historical data, production in 2023 stood at 66.0 thousand metric tons. Compared to the forecasted 2024 value, this reflects a 1.5% increase. The compound annual growth rate (CAGR) over the 2024-2028 period averages out to approximately 0.75% per year, indicating stable yet modest industry expansion.
Future trends to watch for:
- Potential market disruptions due to geopolitical factors or climate change impacting raw material availability.- Advances in production technology enhancing efficiency and output.- Changing consumer preferences and dietary trends influencing demand for milk products.- Regional economic conditions and trade policies affecting export markets and industry growth.
