The production of cheddar cheese in Canada has seen variable growth over the past decade, peaking in 2018 with a significant year-on-year increase of 6.85%. However, since then, there have been fluctuations, including a notable 5.71% decline in 2019. In the years that followed, production showed slight growth and declines, with a 2.39% decrease in 2022. As of 2023, cheddar cheese production stood at 166.76 thousand metric tons, reflecting a modest year-on-year increase of 1.65%.
From 2024 onwards, forecasts suggest a steady growth with an average annual growth rate (CAGR) of approximately 0.62% over the next five years, leading to a forecast production of 173.45 thousand metric tons by 2028. This represents an overall growth rate of 3.16% from 2023 to 2028.
Future trends to watch for include:
- Potential impacts of changing dietary preferences and health trends on cheddar cheese demand.
- Technological advancements in cheese production processes that may improve efficiency and yield.
- Trade policies and economic factors influencing both domestic production and export opportunities.
- Environmental and sustainability considerations affecting agriculture and dairy farming.
