In 2023, the US production of cow milk butteroil and ghee stood at 3.12 thousand metric tons. The forecasted production for 2024 is an increase of 0.64% from the previous year, followed by gradual increments of approximately 0.63% annually through 2028, culminating at 3.21 thousand metric tons. The Compound Annual Growth Rate (CAGR) over the period from 2024 to 2028 is expected to be 0.57%, indicating stable yet modest growth in this sector.
Future trends to watch for:
- Increased consumer demand for natural and healthy fats, possibly influencing production volumes.
- Potential shifts in dairy farming practices due to sustainability concerns.
- Impact of technological advancements on production efficiency.
- Changes in international trade policies affecting export markets.