In 2023, Brazil's nonfat dry milk human domestic consumption was estimated at 190.0 thousand metric tons. Forecasts suggest a steady but minimal increase in consumption, with an annual growth rate of approximately 0.5% over the forecast period from 2024 to 2028. The predicted consumption is expected to reach 196.0 thousand metric tons by 2028, marking a compound annual growth rate (CAGR) of 0.63% from 2024 to 2028.
Future trends to watch for include:
- Potential changes in dietary preferences that may affect milk consumption.
- Economic factors influencing the purchasing power of consumers.
- Initiatives that promote alternative dairy or plant-based products.
- Environmental and sustainability considerations impacting dairy production.
