Cow Milk Market Report

World milk production is expected to reach 981 million MT by 2028, with an average annual growth rate of 1.7%. The dramatic increase is attributable to India and Pakistan, which are expected to represent 30% of world milk productions. Meanwhile, main milk-producing countries such as the US, Europe, New Zealand, and Australia will show a smaller increase due to limitations on land and slower consumer demand, especially from the Chinese market. Consumption in ASEAN countries is also expected to increase with the growing population and mid-class proportion.