In 2023, the domestic consumption of fluid milk in Canada stood at 10.40 million metric tons. From 2024 to 2028, the forecasted data indicate a steady growth in consumption. Year-on-year variations reveal marginal increases: 0.86% (2024), 0.86% (2025), 0.85% (2026), 0.75% (2027), and 0.84% (2028). These increments suggest a stable upward trend. The Compound Annual Growth Rate (CAGR) over the five years is projected to be around 0.83%.
Future trends to watch for include potential impacts of dietary shifts towards plant-based alternatives, population growth, and changes in consumer behavior due to health awareness campaigns. Monitoring these factors will be crucial for market adjustments and strategic planning.
