In 2023, Canadian imports of dairy products, eggs, honey, and edible animal products were valued at approximately USD 725 million. The forecast for 2024 to 2028 shows a moderate but steady increase from USD 739.09 million in 2024 to USD 789.81 million in 2028. This consistent growth reflects consumer demand and potential market expansion for these imports.

Year-on-year analysis between the forecasted years indicates an average growth rate of about 1.7% per annum, calculated as the compound annual growth rate (CAGR) over this five-year period.

Future trends to watch for include:

Potential impacts of trade agreements and tariffs that could affect import costs and volumes.
Shifts in consumer preferences towards plant-based alternatives affecting traditional dairy and animal product imports.
Domestic production changes that could influence the reliance on imports to meet demand.