The forecast for whole evaporated milk production in Canada shows a gradual decline from 2024 to 2028, starting at 33.87 thousand metric tons and decreasing to 33.63 thousand metric tons. This indicates a slight negative year-on-year growth rate of about -0.18% on average. In 2023, actual data was not provided; however, the consistent downward trend from the forecasted years highlights a steady contraction in production. The compounded annual growth rate (CAGR) over the five-year period reflects a gradual decline.
Future trends to watch for:
- Consumer preferences towards plant-based dairy alternatives influencing demand.
- Changes in international trade policies impacting exports.
- Potential technological advancements improving production efficiency.
- Environmental policies affecting dairy production practices.
