In 2023, the per capita consumption of powdered skim milk in Canada was 0.72 kilograms. The forecasted data from 2024 to 2028 shows a gradual decline in consumption, with the values decreasing from 0.71 kilograms in 2024 to 0.67 kilograms in 2028. Annual year-on-year variations are roughly consistent at a decrease of approximately 1.41% each year. Over the five-year forecast period, the compound annual growth rate (CAGR) is approximately -1.41%.
Future trends to watch for include potential shifts in consumer preferences towards plant-based milk alternatives, changing dietary guidelines, or innovations in powdered milk formulations that could impact consumption patterns.
