The production of partly skimmed milk 2% in Canada was recorded at 1.14 million kiloliters in 2023. Forecasts indicate a gradual decline in production volume, with figures standing at 1.12 million kiloliters in 2024, decreasing further each year until reaching 1.06 million kiloliters by 2028. The year-on-year percentage variation reflects consistent declines, marking a downward trend. Over the two preceding years, the production decreased at an average of approximately 1.8% annually. The projected compound annual growth rate (CAGR) from 2024 to 2028 is negative, suggesting an ongoing reduction in production.
Future trends to watch for include:
- Sustainability impacts on dairy farming practices
- Consumer preferences shifting towards plant-based alternatives
- Policy changes regarding dairy production and consumption
