The consumption of Cheddar cheese in Canada is expected to grow steadily from 145.37 thousand metric tons in 2024 to 151.7 thousand metric tons in 2028. In 2023, the consumption stood at 143.89 thousand metric tons. Analyzing the year-on-year percentage variations, we observe incremental growth: 1.1% in 2024, 1.09% in 2025, 1.08% in 2026, 1.06% in 2027, and 1.04% in 2028. The Compound Annual Growth Rate (CAGR) over the five-year period from 2023 to 2028 is approximately 1.09%.
Trends to watch for in the future include changes in consumer preference towards healthier and plant-based alternatives, potential impacts from trade policies, and economic factors affecting disposable income and spending on premium cheese products. Innovations in product offerings and marketing strategies could also play a crucial role in shaping consumer trends in the Canadian Cheddar cheese market.
