As of 2024, China's forecasted gross production of whole fresh cow milk is valued at 18.494 billion USD in terms of Purchasing Power Parity (PPP) for the base period 2004–2006. In 2023, the production stood at a slightly lower value, emphasizing a steady increase projected over the following years. From 2024 to 2028, the forecasted values indicate a year-on-year growth rate of approximately 5% to 6%. Observing the five-year compound annual growth rate (CAGR), there is a consistent average increase, illustrating robust expansion in the dairy market.
Future trends to watch for include the impact of technological advancements in dairy farming, evolving consumer preferences towards dairy products, and potential policy changes surrounding agricultural subsidies and environmental regulations. Additionally, shifts in domestic and global economic conditions could influence demand and profitability in the industry.
