The Canadian butter supply is forecast to slightly decline from 159.75 thousand metric tons in 2024 to 158.07 thousand metric tons by 2028. Compared to 2023, where the supply stood at 160.32 thousand metric tons, this represents a decrease reflecting a subtle downward trend. Year-on-year changes highlight a gradual decline, equating to an average annual decrease (CAGR) over the five-year forecast period, pointing towards a consistent slight reduction in national butter production.
Future trends to watch include potential influences of global supply chain disruptions, shifts in consumer dietary preferences, and climate change impacts on dairy farming. Monitoring policy changes and technological advances in dairy production will be crucial for anticipating further changes in butter supply.
