Australian dairy consumption expected to rise - GAIN

Published 2024년 12월 12일

Tridge summary

The USDA Foreign Agricultural Service in Canberra predicts a slight increase in Australia's fluid milk consumption in 2025, breaking a five-year trend of annual decline, due to rapid population growth. Despite this, per capita consumption is expected to continue to drop. Fluid milk remains a staple, with full-fat milk being the most consumed category. There has been growth in the consumption of milk substitutes, but their per capita consumption peaked in 2021/22 and fell in 2022/23. The 2024 milk consumption estimate has been revised upwards, reflecting population growth, and factory milk consumption for 2025 is forecast to reach 6.20 MMT, up from the revised estimate of 6.09 MMT for 2024, due to the forecasted rise in overall milk production.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The USDA Foreign Agricultural Service post in Canberra forecasts a 0.4% increase in Australia’s fluid milk consumption for 2025, reaching 2.47 million metric tons (MMT), up slightly from a revised estimate of 2.46 MMT for 2024, according to a recent US Department of Agriculture (USDA) Global Agricultural Information Network (GAIN) report. This marks a reversal of the declining trend over the previous five years, where fluid milk consumption generally dropped by around 1% annually. The shift is primarily due to rapid population growth since the beginning of 2023. Australia’s population growth rate has surged beyond the steady pre-COVID-19 rate of just over 1.5%. From late 2022, the growth rate has consistently exceeded the pre-pandemic average, reaching an annualised rate of approximately 2.3% by the first quarter of 2024. The majority of this growth is due to high immigration, although the federal government has since implemented measures to slow the immigration rate. However, the ...

Source: The Cattle Site