An analysis of nonfat dry milk domestic consumption in Japan shows an anticipated steady decline from 2024 to 2028. Starting at a forecasted volume of 164.0 thousand metric tons in 2024, the consumption decreases yearly until stabilizing at 161.0 thousand metric tons in 2027 and 2028. This represents an average annual decline of 0.6% over the five-year period. In 2023, the actual consumption was 165.0 thousand metric tons, indicating a trend of diminishing demand.
Future trends to watch for include:
- Potential changes in dietary preferences and health trends influencing dairy consumption.
- Emerging alternatives and substitutes that could further impact nonfat dry milk demand.
- Economic factors and policy changes that may alter the production and import landscape.