In 2023, skim milk consumption per capita in Canada stood at 2.75 liters. The forecast for the upcoming years reveals a declining trend in consumption. The year-on-year percentage decrease from 2024 to 2025 is approximately 5.7%, from 2025 to 2026 is 4.9%, from 2026 to 2027 is 4.3%, and from 2027 to 2028 is around 3.6%. The Compound Annual Growth Rate (CAGR) from 2023 to 2028 shows an average yearly decrease of about 4.7%.
Future trends to watch for include:
- The impact of dietary shifts and health trends on dairy consumption.
- The role of plant-based milk alternatives in influencing traditional milk consumption patterns.
- Potential economic and demographic factors contributing to the decline in per capita consumption.
