In 2024, the forecasted import of unsweetened milk and cream powder to China is 614.59 million kilograms, steadily rising to 688.41 million kilograms by 2028. With actual import data unavailable for 2023, the forecast indicates a consistent year-on-year growth rate of approximately 3% over the 5-year period, reflecting strong demand and market expansion. This results in a healthy compound annual growth rate (CAGR).
Future trends to watch:
- Changing consumer preferences and dietary habits, which may influence demand.
- Trade policies and international relations that may impact import volumes.
- Local production capacities and competitiveness versus imports.
