In 2023, the supply of skim milk in Canada stood at a certain level (not provided in the data). Forecasted data from 2024 onward indicates a continuous decline in skim milk supply. The supply is expected to decrease from 104.69 thousand kiloliters in 2024 to 86.29 thousand kiloliters by 2028. This represents a year-on-year decrease of approximately -5.5% from 2024 to 2025, -4.9% from 2025 to 2026, -4.5% from 2026 to 2027, and -4.0% from 2027 to 2028. Over the forecasted period (2024-2028), the compound annual growth rate (CAGR) of skim milk supply is negative, averaging -4.68% annually.

Future trends to watch for:

Potential shifts in consumer preferences towards plant-based milk options might continue this declining trend.
Policy changes, climate-related challenges, and production innovations could impact the supply dynamics.
Monitoring international trade agreements and local dairy industry support measures will be crucial.