Key Market Indicators
Canadian butter consumption is expected to reach 140,000 metric tons by 2026. This is a 1.4% average year-on-year growth from the 131,580 metric tons consumed in 2021. Since 2017, demand in Canada has risen by 2.3% each year. In 2021, Canada came in 8th place, behind India, which consumed 131,580 metric tons. Germany, France, and Russia were ranked 2nd, 3rd, and 4th respectively. Canadian butter production is set to reach 119,210 metric tons by 2026, with an average year-on-year growth rate of 1.2%. Since 1966, supply in Canada has grown by 3.7% annually. In 2021, Canada was 12th, with Brazil in the lead at 111,880 metric tons. New Zealand, Germany and France ranked 2nd, 3rd and 4th respectively.