Skimmed cow milk production in Saudi Arabia has shown significant growth over the years. From 2013 to 2023, production increased from 331.5 thousand metric tons to 743.67 thousand metric tons. In 2023, standing at 743.67 thousand metric tons, the rate of increase slowed but continued to grow steadily. The year-on-year variation saw highs in the earlier years with a peak in 2016 at 36.09%, followed by fluctuations. Over the last two years (2021-2023), the year-on-year variations were 3.97% and 3.74%, respectively. The compound annual growth rate (CAGR) over the last five years stands at 4.25% up to 2023.
Future trends indicate a continued, albeit more moderate, growth with a forecasted CAGR of 2.71% for the next five years (2024-2028), culminating in a projected production volume of 883.67 thousand metric tons by 2028. This suggests steady demand and capacity improvements, although the growth rate is expected to taper.
Future trends to watch for include technological advancements in dairy farming, changes in consumer preferences towards dairy products, and potential regulatory shifts affecting production incentives. Monitoring these factors is essential for anticipating market dynamics and production capacity adjustments in Saudi Arabia's dairy sector.
