In 2023, Canada's yogurt imports stood at 960 kiloliters. The forecast over the next five years suggests moderate growth, with incremental increases each year. By 2024, imports are expected to rise to 970 kiloliters, a 1.04% growth from the previous year. The growth trend continues with similar increments, reaching 1030 kiloliters by 2028. The Compound Annual Growth Rate (CAGR) for 2024-2028 is approximately 1.41%, indicating steady market expansion.
Future trends to watch for include shifts in consumer preferences towards health-conscious and functional foods, which may drive further demand for yogurt. Additionally, changes in trade policies or international relations could impact yogurt import volumes.
