The fluid milk supply in the US is expected to increase steadily from 2024 onwards. Based on forecasted data, the supply stands at 104.65 million metric tons in 2024 and is projected to reach 108.02 million metric tons by 2028.
The year-on-year variations are:- 2024 to 2025: 0.83%- 2025 to 2026: 0.81%- 2026 to 2027: 0.78%- 2027 to 2028: 0.76%
These incremental changes contribute to a Compound Annual Growth Rate (CAGR) of approximately 0.8% over the forecasted period from 2024 to 2028. In 2023, the fluid milk supply was recorded at 103.83 million metric tons, indicating the start of a positive growth trend moving into 2024.
Future trends to watch for include potential impacts of consumer preferences shifting towards plant-based milk alternatives, advancements in dairy production technologies, and possible regulatory changes affecting the dairy industry. Monitoring these variables will be crucial for anticipating more accurately the future of the fluid milk market in the US.
