In 2024, the forecast for evaporated and condensed skim milk consumption in the US stands at 4.79 pounds. This shows a slight decline from 2023. The trend continues with minor year-on-year decreases: 4.78 pounds in 2025, 4.77 pounds in 2026, 4.76 pounds in 2027, and reaching 4.74 pounds by 2028. These figures illustrate a subtle downward trend in consumption over the forecasted period. The compound annual growth rate (CAGR), calculated over these years, underscores a consistent decrease.
Future trends to watch for:
- Potential shifts in dietary preferences impacting dairy consumption.
- Innovations in milk alternatives that may affect demand.
- Regulatory changes or nutritional guidelines influencing consumer behavior.
