The forecasted supply of dry whole milk powder in the Philippines shows a steady downward trend from 2024 to 2028. In 2023, the supply stood at 20 thousand metric tons. The year-on-year variations indicate a consistent decline: 5% decrease from 2023 to 2024, another 5.3% from 2024 to 2025, a 5.6% decrease from 2025 to 2026, stabilized with no change from 2026 to 2027, and a further 5.9% decline from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year period from 2023 to 2028 is approximately -4.9%.
Future trends to watch for include potential shifts in consumer demand, impacts of new regulatory policies, and external factors like climate change affecting dairy production. Advances in dairy technology and alternative milk products could also influence the supply dynamics.
