In 2024, Canadian butter consumption is forecasted at 141.01 thousand metric tons, gradually increasing to 142.51 by 2028. The data reflects a steady annual growth, with year-on-year increments ranging from 0.36% to 0.46%. The Compound Annual Growth Rate (CAGR) over the forecast period is approximately 0.26%, demonstrating a modest upward trend in butter consumption.
Future trends to watch for include shifts in consumer preferences toward plant-based alternatives, potential impacts of dietary guidelines, and any fluctuations in dairy production costs. Additionally, monitoring global trade policies and environmental sustainability initiatives may influence consumption patterns.
