The forecasted household expenditure on butter in Canada from 2024 to 2028 reflects a steady increase, with expenditures rising from $70.04 in 2024 to $77.56 by 2028. In 2023, the actual expenditure was $68.23, indicating a consistent upward trend. The year-on-year growth rates reveal a gradual increase, while the compound annual growth rate over five years underscores a moderate yet positive trend. This suggests stable consumer demand and potentially increasing butter prices or consumption.

Future Trends to Watch:

Shifts in dietary preferences towards healthier alternatives that might impact butter consumption.
Inflationary pressures that could affect pricing and thereby household spending.
Changes in domestic butter production and imports affecting market dynamics.