In 2023, the production of butter and ghee in Canada stood at a historical level. Forecasted data shows an upward trend, with production reaching 139.43 thousand metric tons by 2028. Year-on-year growth is steady, with a gradual increase ranging from 2.07% to 1.83% annually. This consistent rise results in a compound annual growth rate (CAGR) of approximately 1.9% over the five-year period from 2024 to 2028.

Future trends to watch for:

Impact of market demand influenced by consumer preference changes towards plant-based alternatives.
Potential effects of trade deals and tariffs on dairy products affecting production costs.
Technological advancements improving production efficiency.