In 2023, butter consumption in Canada stood at 161.0 thousand metric tons. Observing the forecast from 2024 to 2028, there is a steady annual increase: 1.23% in 2025, 1.21% in 2026, 1.20% in 2027, and 0.59% in 2028. This growth reflects a compound annual growth rate (CAGR) of 1.08% over five years.
Future trends to watch for:
- The impact of consumer health trends and alternatives on butter demand.
- Price fluctuations within the dairy industry.
- Potential shifts in export and import policies affecting supply.
