In 2023, the supply of Partly Skimmed Milk 2% in Canada was at a certain level not provided here, and the forecast from 2024 predicts a decline in supply over the next five years, decreasing from 1.12 to 1.06 million kiloliters by 2028. The year-on-year reduction from 2024 to 2025 is about 0.89%, and from 2026 to 2027, it is approximately 1.83%. The compound annual growth rate (CAGR) from 2024 to 2028 indicates a steady decline at an average of roughly 1.10% per year.

Future trends to watch:

Potential changes in consumer preferences towards plant-based or alternative milk options, which could further impact demand.
Shifts in dairy farming practices or policies that could affect milk production levels.
Economic factors such as inflation, affecting production costs and consumer purchasing power.