Canada's butter supply is forecasted to show a steady increase from 191 thousand metric tons in 2024 to 199 thousand metric tons by 2028. Compared to actual data from 2023, this marks a growth trajectory with the butter supply gradually rising. From 2024 to 2025 and 2025 to 2026, the year-on-year growth rates are 1.05% and 1.55% respectively. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 1.02%.
Future trends to watch include:
- Potential shifts in consumer preferences toward plant-based butters impacting demand.
- Regulatory changes affecting dairy production.
- Fluctuations in global butter supplies influencing local markets.
