As of 2023, the production of evaporated and condensed milk in Canada stood at 66.90 thousand metric tons. Forecasts for the future five years show a steady increase, with production expected to reach 69.09 thousand metric tons by 2028. Year-on-year, the production is forecasted to increase by approximately 0.67% to 0.70%. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is estimated at around 0.66%.

Future trends to watch for include:

Potential impacts of technological advancements in dairy processing on production efficiencies.
Shifts in consumer preferences towards plant-based alternatives, which could affect demand for traditional dairy products.
Regulatory changes affecting dairy production and trade policies that might influence production levels.