The Canadian buttermilk production stood at 15.69 thousand kiloliters in 2023, maintaining the same level forecasted through 2028. Over the past decade, production experienced fluctuations, with notable declines from 2013 to 2017 followed by a recovery phase highlighted by a 25.38% increase in 2019 and peaking in 2021 at a rise of 19.14%. The production then stabilized from 2022 to the forecasted period. The five-year CAGR from 2023 to 2028 is projected at 0%, indicating no growth in production.
Future trends to watch for include:
- Potential shifts in consumer preferences affecting demand for buttermilk and related products.
- The impact of global dairy market trends and trade agreements on Canadian production.
- Technological advancements in dairy processing affecting production efficiency and capabilities.
