The forecast data for butter domestic consumption in China indicates a steady growth trajectory between 2024 and 2028. Starting at 264,000 metric tons in 2024, consumption is expected to increase annually, reaching 292,000 metric tons by 2028. Compared to 2023, which stood at 258,000 metric tons, 2024 anticipates a 2.3% increase. In 2025, we foresee a 2.7% annual growth rate, followed by 3% in 2026, 2.5% in 2027, and another 2.1% in 2028. The compound annual growth rate (CAGR) over these five years is approximately 2.6%.
Future trends to watch for include potential shifts towards healthier or plant-based alternatives, which could influence butter consumption patterns in China. Additionally, changes in consumer preferences, economic conditions, and dairy industry innovations could impact these forecasts.
