The number of sheep and lambs in Canada is projected to gradually increase from 846.6 thousand heads in 2024 to 853.2 thousand heads by 2028. Between 2024 and 2025, a modest year-on-year growth is observed, continuing in a similar annual pattern through 2028. Over a five-year period, the compound annual growth rate (CAGR) indicates steady yet slow growth in the sheep population, highlighting a stable but gradual rise in the livestock segment.

Future trends to watch for:

Market dynamics influenced by climatic conditions and feed availability, which could impact livestock numbers.
Potential impacts of technology and innovation on sheep farming efficiencies and productivity.
Government policies and trade agreements affecting the livestock market could alter growth trajectories.