In 2023, condensed whey production in the US was reported at approximately 55.8 thousand metric tons. Forecasted figures for 2024 to 2028 show steady annual growth, with production expected to increase from 56.38 to 58.69 thousand metric tons. The year-on-year growth rate suggests an average increase of around 1-2% per year. Over the five-year period, the compound annual growth rate (CAGR) is anticipated to be approximately 1.3%.
Future trends to watch for include:
- Potential innovations in whey protein utilization and consumer demand shifts.
- Global market fluctuations impacting export opportunities.
- Technological advancements in production efficiencies.
