The forecast for Canada's nonfat dry milk imports from 2024 to 2028 remains flat at 3.0 thousand metric tons annually, following a consistent trend with no variation from previous years. In 2023, the imports stood at a similar volume, confirming a steady demand with no significant year-on-year change or growth. This stability suggests a mature market with limited growth potential in the foreseeable future.
Future trends to watch for include:
- Potential changes in Canadian dairy policies or trade agreements impacting import levels.
- Shifts in consumer preferences towards alternative milk proteins affecting demand.
- Global dairy supply chain disruptions that may influence pricing and availability.