The forecast for Nonfat Dry Milk supply in Brazil indicates a consistent, albeit modest, year-on-year increase. In 2023, the supply stood at 189 thousand metric tons. For the years 2024 to 2028, the supply is predicted to incrementally grow by 1 thousand metric ton each year, reaching 194 thousand metric tons by 2028. This translates to an annual growth rate of approximately 0.53%.
Over the last two years, this trend reflects a consistent, if slow, upward trajectory. The Compound Annual Growth Rate (CAGR) for the upcoming five-year period is approximately 0.53%, indicating stability in production capacity without significant fluctuations.
Future trends to watch for include potential impacts from global dairy market dynamics, technological advancements in dairy farming, and policy changes within Brazil that could affect agricultural production. The increasing shift toward sustainability and eco-friendly practices could also play a crucial role in shaping future supply trends.
