In 2023, the import value of fermented milk to Canada was approximately 1.05 million USD. The forecast data from 2024 to 2028 shows a consistent decline, with values decreasing from 1.0072 million USD in 2024 to 0.84512 million USD in 2028. This represents a negative year-on-year change, highlighting a declining trend. The Compound Annual Growth Rate (CAGR) over the five-year period is negative, indicating an average annual contraction.
Future Trends to Watch For:
- Potential changes in consumer preferences towards plant-based dairy alternatives could further affect imports.
- Trade policies or tariffs impacting dairy imports could influence future trends and projections.
