Analysis of historical data from 2013 to 2023 indicates that Kenya's cow milk butteroil and ghee production has shown fluctuations. Despite some years of growth, such as 2016's 19.53% increase, there have been significant declines like the 5.35% drop in 2020. In 2023, production stood at 539 metric tons, down by 0.19% from the previous year. Over the last five years, the compound annual growth rate (CAGR) was -0.26%, implying a slight decline.
Looking ahead, forecasted data from 2024 to 2028 suggests a continuing but gradual decrease with a forecasted 5-year CAGR of -0.22%, amounting to a total drop of 1.09% by 2028.
Future trends to watch for:
- Impact of climate change on dairy farming
- Technological advancements in dairy production
- Shifts in consumer preferences towards alternative dairy products
- Government policies and support for the dairy sector
- Economic factors affecting production costs and profitability
