The forecasted volume for variety cheese consumption in Canada shows a consistent growth trajectory from 2024 to 2028. Starting in 2024 at 351.41 thousand metric tons, it is expected to reach 378.37 thousand metric tons by 2028. In retrospect, actual data indicates a gradual increase leading up to 2023, where consumption stood at 345.2 thousand metric tons.
Year-on-year variations indicate the following percentage growth:
- 2024: 1.8%
- 2025: 1.9%
- 2026: 1.97%
- 2027: 1.84%
- 2028: 1.80%
The average annual growth rate (CAGR) over the next five years is approximately 1.86%, showcasing a stable and moderate increase in variety cheese consumption.
Future trends to watch for include the growing preference for artisanal and specialty cheeses, increasing health consciousness among consumers influencing their choices to include organic and low-fat varieties, and potential shifts driven by dietary trends such as the rising popularity of plant-based alternatives. Additionally, fluctuations in dairy prices and potential trade policies affecting import and export may impact these forecasts.
