In 2023, Canada's margarine consumption per capita stood at an actual value of approximately 2.05 kilograms. Forecast data indicates a steady decline in consumption, decreasing to 1.99 kg in 2024 and continuing to dip annually. The year-on-year reductions are consistently around 2% over the forecast period, with a compound annual growth rate (CAGR) of -2.85% over the five years leading up to 2028.

Future trends to watch for include:

Increasing consumer health consciousness pushing demand from margarine to alternatives viewed as healthier.
Market developments in plant-based spreads which may cannibalize traditional margarine market share.
Potential regulatory changes impacting ingredients or marketing within the Canadian market.