In 2023, household expenditure on cottage cheese, ricotta cheese, and other unripened cheese in Canada was slightly lower than the stated forecasts for 2024 and beyond. The forecasted growth rate reflects a consistent year-on-year increase, indicating a steady rise in demand within the Canadian market.
The percentage variation from 2024 to 2028 shows a gradual increase, with an average year-on-year growth of approximately 0.5% over these years. This suggests positive consumer trends and a stable economic environment supporting dairy consumption.
Future trends to watch for include:
- Potential influence of health trends negatively impacting cheese consumption levels, such as veganism or lactose intolerance.
- Growing interest in local and organic products, which may drive premium pricing strategies and affect expenditure levels.
- Impacts of international trade agreements or tariff changes on cheese import and consumption.
- Consumer preference shifts towards plant-based alternatives influencing dairy product spending patterns.
