In 2023, the production of fresh cream in Canada stood at 205.00 Thousand Metric Tons. Forecast data indicates a declining trend from 2024 to 2028. The production value is expected to decrease steadily from 200.05 to 181.28 Thousand Metric Tons.
The year-on-year percentage changes highlight a consistent decline, with a notable drop of approximately 2.4% annually. The compound annual growth rate (CAGR) is projected at -2.92%, revealing a gradual but steady contraction in the market over these years.
Future trends to watch for include potential shifts in consumer preferences towards plant-based alternatives and the impact of government policies on dairy production. Monitoring these elements could provide insights into future market adjustments and opportunities for recovery or diversification.
