The demand for butter and ghee in Canada is forecasted to show steady growth from 2024 to 2028, increasing from 135.38 to 143.4 thousand metric tons. This represents an average compound annual growth rate (CAGR) over these five years. Based on available data leading up to 2023, this upward trend is expected to continue, reflecting consistent consumer demand. Year-on-year variations demonstrate a moderate and stable increase.

Future trends to watch for include:

Rising health consciousness influencing consumers’ preferences for natural versus processed fats.
Impact of global dairy market fluctuations on local supply chains.
Potential regulatory changes affecting production and importation.