From 2013 to 2023, Canada saw gradual growth in milk production, peaking at 9.96 million metric tons in 2018. Notably, the milk output dipped between 2019 to 2020, stabilizing around 9.25 million metric tons thereafter. In 2023, production stood at 9.26 million metric tons, showing minimal yearly growth and a five-year CAGR of -1.45% from a peak in 2018.
Future projections up to 2028 predict stability with milk production remaining steady at 9.26 million metric tons, indicating a forecasted five-year growth rate and CAGR of approximately 0.01%.
**Future Trends to Watch For:**
- Technological advancements in dairy farming
- Changing consumer preferences and dietary trends
- Environmental regulations impacting production processes
