The supply of cheddar cheese in Canada saw fluctuations over the past decade. It started at 185.8 thousand metric tons in 2013, rising steadily through 2018. Significant year-on-year increases were noted in 2016 (7.7%) and 2018 (7.6%), with the highest point reaching 228.95 thousand metric tons in 2018. However, the years 2019 and 2022 experienced declines in supply. The values stabilized slightly through 2023, which showed a minor increase to 215.86 thousand metric tons, a modest 0.78% rise from the previous year.
For future trends, from 2024 to 2028, forecasts predict a steady but gradual increase, reaching approximately 223.98 thousand metric tons by 2028, with a forecasted 5-year CAGR of 0.59%. This suggests a general steady growth although modest, reflecting a stabilizing market environment.
Future trends to watch for:
- Potential regulatory impacts affecting dairy production and supply chain efficiencies.
- Consumer demand shifts towards alternative cheeses or plant-based products.
- Economic factors that could influence production costs and market prices.
- Technological advancements in dairy farming and cheese production.
