In 2023, household expenditure on skim and other fluid milk in Canada was positioned slightly higher than the 2024 forecast of 35.34 Canadian Dollars. Over the forecast period from 2024 to 2028, expenditure is projected to decline consistently, marking a year-on-year reduction between 2-3%. The compound annual growth rate (CAGR) over these five years indicates a steady average annual decrease in household spending on these milk categories.

Future trends to watch include:

Shifts in consumer preferences towards plant-based milk alternatives.
Potential price fluctuations due to supply chain and agricultural policy changes.
Health and wellness trends influencing dairy consumption patterns in Canada.