In Canada, the consumption of partly skimmed milk 2% is forecasted to decrease from 2024 to 2028. Starting at 1.12 million kiloliters in 2024, it declines annually, reaching 1.06 million kiloliters by 2028. This consistent decrease reflects a slight market shrinkage trend. The year-on-year variations show an average decrease of approximately 1.36% per year over the period. From 2023, when actual consumption was approximately 1.13 million kiloliters, the cumulative annual growth rate (CAGR) over the five-year forecast period suggests a marginal yet steady decline.
Future trends to watch for include:
- Increasing consumer preference for alternative milk options like almond, oat, and soy, potentially driving further decrease in traditional milk consumption.
- Potential impacts of health-conscious dietary shifts and sustainability trends on consumption patterns.
- Monitoring of demographic changes and their effects on dairy consumption habits in Canada.
