The forecasted cream market size in terms of volume per capita in Canada shows a declining trend from 4.22 kilograms per capita in 2024 to 3.04 kilograms per capita by 2028. Comparatively, the cream consumption volume per capita in 2023 was higher than the forecasted values, but exact data for 2023 isn't provided.
The year-on-year variation illustrates a consistent decrease, with a drop of approximately 7.11% from 2024 to 2025, 7.65% from 2025 to 2026, 8.29% from 2026 to 2027, and 8.43% from 2027 to 2028. Analyzing the last two years sees the volume decreasing by 16.72%. The compound annual growth rate (CAGR) over the five-year forecasted period averages around -7.73% per year, indicating a steady decline in consumption.
Future trends to watch for include potential shifts in consumer preferences towards healthier alternatives, changes in dietary habits due to health consciousness, and economic factors that may influence purchasing power. Additionally, regulatory changes or innovations within the dairy industry could further impact consumption patterns.
