As of 2023, Canada's skimmed evaporated milk production stood at approximately 20.24 thousand metric tons. From 2024, an upward trend is forecasted, with production expected to reach 22.25 thousand metric tons by 2028. The year-on-year growth rates are positive, indicating a steady increase in production with values growing annually: from an increase of 2.04% in 2025 to 1.77% in 2028. Over the five-year span from 2024 to 2028, the compound annual growth rate (CAGR) is calculated to be modest, reflecting consistent demand and stable supply chain dynamics.
Future trends to watch for include potential shifts in consumer preferences towards plant-based alternatives and international trade agreements influencing Canadian agricultural exports. Additionally, technological advancements in dairy processing could play a significant role in efficiency gains, potentially affecting future output levels.
