The sweetened concentrated skim milk consumption in Canada stood at 440.0 kiloliters in 2023. Forecasts indicate a gradual increase, reaching 470.0 kiloliters by 2028. The year-on-year growth from 2024 to 2025 is about 2.22%. In 2026, consumption remains constant, with a subsequent 2.17% increase by 2027 and stability through 2028. The 5-year compound annual growth rate (CAGR) is approximately 1.33%.
Future trends to watch for include:
- The impact of health trends favoring low-sugar and low-fat products on consumption patterns.
- Any changes in trade policies affecting the import and availability of sweetened concentrated skim milk in Canada.
- Innovations in dairy product formulations that could drive demand.
