In 2023, butter consumption per capita in Canada stood at 3.54 kilograms. The 2024 forecast predicts a slight increase to 3.55 kilograms, followed by a subtle decline over the next four years. By 2028, consumption is expected to decrease to 3.51 kilograms, reflecting a modest negative compound annual growth rate (CAGR) over this period.
Year-on-year variations show minimal fluctuation, indicating a relatively stable consumption trend. Looking ahead, factors such as health awareness, alternative spreads, and changes in dairy prices could influence these trends.
Future trends to watch for include:
- Shifts in consumer preferences toward healthier or plant-based alternatives.
- Potential impact of environmental sustainability initiatives.
- Economic factors affecting dairy prices and consumption behavior.
