The import value of concentrated or sweetened milk and cream to the US is forecasted to increase steadily from 2024 to 2028, starting at 114.02 million USD and reaching 121.46 million USD. Comparatively, in 2023, the import stood at approximately 112.25 million USD. This consistent growth highlights a positive trend with an average annual growth rate (CAGR) of around 2.5% over the forecast period. Year-on-year increases are modest, reflecting stable demand and potential supply chain adjustments post-pandemic.
Future trends to watch for:
- The impact of emerging health consciousness trends on dairy consumption.
- Chances for product diversification in response to consumer demands for specialty and fortified milk products.
- Trade policy developments that might affect import tariffs and international sourcing strategies.