The forecast for nonfat dry milk distribution in China shows a steady growth from 2024 to 2028, with values increasing from 428.0 to 469.0 thousand metric tons. The year-on-year increase is consistent, averaging around 2.4% per annum over these five years.
As of 2023, the distribution was 421 thousand metric tons. Consequently, the projected compound annual growth rate (CAGR) over this five-year period is approximately 2.2%.
Future trends to watch for include:
- Changes in dietary preferences influencing demand.
- Government policies on dairy imports and production.
- Technological advancements in dairy processing and supply chain efficiency.
- Competition from alternative dairy products.
