The cow milk butter production in Mexico has shown a relatively steady increase from 2013 to 2023, with some fluctuations. In 2023, the production stood at 23.47 thousand metric tons. Over the past two years, the production showed modest year-on-year increases of 0.72% in 2022 and 0.7% in 2023. The last 5-year CAGR indicates an average annual growth rate of 0.74%.
Future trends to watch for:
- Projected steady growth from 2024 to 2028, with a forecasted 5-year CAGR of 0.56%.
- By 2028, the production is expected to reach 24.31 thousand metric tons, representing a 2.83% overall growth from 2023.
- Monitor potential external factors such as climate change, economic conditions, and changes in consumer preferences, which could impact future production levels.
