In 2024, the forecasted consumption of plain lower-fat and skim milk in the US is 58.99 pounds, which signifies a decline from the 2023 actual consumption of 60.4 pounds. Year-on-year, the consumption is expected to decrease by approximately 2.35% from 2024 to 2025, followed by a similar pattern in the succeeding years. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is estimated at -2.39%, indicating a continued decline in consumption.
Future trends to watch for include a shifting consumer preference towards plant-based milk alternatives and the impact of dietary trends advocating for reduced-fat intake. Additionally, evolving health perceptions and innovations in dairy processing may affect consumption patterns.
