In 2023, domestic fluid milk consumption in the US was X million metric tons. Forecasts indicate a declining trend, with consumption expected to drop from 20.43 million metric tons in 2024 to 19.56 million metric tons in 2028. The average annual decline rate (CAGR) over these five years is anticipated to be approximately negative. Consumers continue to shift preferences toward plant-based alternatives and other sources of nutrition, impacting fluid milk demand.
Future trends to watch:
- Increased adoption of plant-based milk alternatives.
- Changes in consumer dietary habits and preferences.
- Potential economic factors and health trends influencing consumption patterns.
