In 2023, Nonfat Dry Milk (NDM) consumption in Japan stood at 171.0 thousand metric tons. The forecasted data for the period from 2024 to 2028 indicates a slight decline in consumption: 170.0 in 2024, 169.0 in 2025 and 2026, and 168.0 in 2027 and 2028. This overall downward trajectory represents a minor decrease year-on-year.
Variations:- 2024: -0.58%- 2025: -0.59%- 2026: 0.00%- 2027: -0.59%- 2028: 0.00%
The average annual compound growth rate (CAGR) for NDM consumption from 2024 to 2028 is small but negative, indicating a trend towards a steady decline in demand. This trend may be indicative of changing consumer preferences, dietary trends, or external market factors.
Future trends to watch for include potential shifts in consumer behavior towards alternative dairy products, changes in domestic milk production policies, and evolving international trade agreements which could influence import and export dynamics of nonfat dry milk in Japan.
