In 2023, the dried whey consumption in the US was significant, setting the pace for future trends. Over the forecast period from 2024 to 2028, a steady increase in consumption is expected, with a projection from 1.85 pounds in 2024 to 1.87 pounds by 2028. This indicates a stable, yet modest growth pattern, with year-on-year variations being quite marginal. From 2026 to 2027 and 2027 to 2028, slight increases of approximately 0.54% and 0.54% respectively are predicted. The compound annual growth rate (CAGR) over this 5-year period is a modest 0.27%.
Future trends to watch for include:
- Changes in consumer preferences towards protein-rich diets which can drive demand.
- Potential price fluctuations in the dairy market impacting affordability and consumption.
- Increased applications of dried whey in food and beverage industries.