Milk consumption at the farm gate in Canada stood at 11.2 million metric tons in 2023. From 2013 to 2023, consumption showed fluctuations with periods of both growth and decline. Key trends include a significant increase in 2016 (8.24%) and a notable decrease in 2019 (-10.45%). The recent five-year period showed a relatively stable trend with minor annual growths and declines, ending with a slight increase in 2023 (0.82%). The average annual variation (CAGR) over these last five years stood at -0.074%, indicating a relatively flat trend in this timeframe.
Looking ahead, the forecast for milk consumption from 2024 to 2028 indicates a gradual increase, with a forecasted average annual growth rate (CAGR) of 0.61%, resulting in a total growth of 3.07% over these five years. This cautious growth trend suggests an overall positive outlook for future milk consumption at the farm gate in Canada, with incremental yearly increases anticipated.
Future trends to watch for include potential impacts of changing consumer preferences, advancements in dairy farming technology, and economic factors that might influence production and consumption patterns. Environmental concerns and sustainability practices will likely play an increasing role in shaping the dairy industry's future.
