The production of whole fresh goat milk in the US stood at 24.79 thousand metric tons in 2023. Over the past two years, the year-on-year variation has shown a declining trend with a decrease of 2.77% in 2022 and a smaller dip of 0.81% in 2023. Over a five-year span, the Compound Annual Growth Rate (CAGR) averaged to a decrease of 0.8%. From 2024 onwards, the production is forecasted to continue declining, with a projected CAGR of -0.69% over the next five years, reaching 23.76 thousand metric tons by 2028.
Future trends to watch for:
- Impact of changing dietary preferences on goat milk consumption
- Technological advancements in dairy farming
- Environmental regulations affecting production
- Global market demand fluctuations and potential export opportunities
