In 2023, Canada's household expenditure on fluid low-fat milk (1%) was 38.8 Canadian Dollars. Based on the forecasted data, there is a noticeable annual decline in spending projected from 2024 to 2028. Specifically, from 2024 to 2025, the expenditure decreases by approximately 2.1%. This trend continues gradually every year up to 2028.
Future trends to watch for:
- Potential shifts in consumer preferences towards more plant-based alternatives or other dairy products.
- Economic factors that might influence dairy consumption, such as price changes or income fluctuations.
- Changes in health guidelines or public perception affecting consumer habits regarding low-fat milk.
