The forecast for yogurt imports to Canada from 2024 to 2028 shows a consistent, gradual increase. In 2023, the import volume stood at 987.2 thousand kilograms. From 2024 onwards, we anticipate a year-on-year growth rate around 0.5% to 0.7% annually. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is projected to be steady, indicative of a stable demand in the Canadian market.
Future trends to watch for include:
- Changes in consumer preferences towards plant-based or non-dairy products that may impact traditional yogurt imports.
- Trade policy adjustments and economic factors affecting import costs and market access.
- Innovations in yogurt varieties that could boost or divert overall growth patterns.