In Canada, the forecast for ghee and butter production indicates a steady growth from 2024 to 2028, increasing from 114.3 to 120.17 thousand metric tons. This represents a consistent year-on-year increase, with an overall compound annual growth rate (CAGR) across these years suggesting moderate but steady growth. In 2023, production stood at 112.9 thousand metric tons, reflecting a stable rise in output leading into the forecasted years.

Future trends to watch for:

Potential changes in consumer preferences towards healthier or alternative dairy products.
Impacts of global dairy market fluctuations on Canadian production.
Technological advancements in dairy production enhancing efficiency.