The forecast for U.S. cow milk butter production shows a consistent upward trend from 2024 to 2028, with growth from 911.3 to 948.6 thousand metric tons. As of 2023, the actual production was lower, contributing to a generally positive year-on-year and average compound annual growth rate (CAGR) over the forecast period.
Noteworthy trends to watch for include:
- The impact of consumer dietary shifts towards plant-based alternatives, potentially moderating growth.
- Technological and process innovations improving yield efficiency.
- Policy and regulatory changes impacting dairy farming and production standards.