In Canada, the consumption per capita of partly skimmed milk 1% is forecasted to decrease from 2024 to 2028, with the volume declining from 9.01 liters in 2024 to 7.99 liters in 2028. The trend indicates a consistent annual decrease in consumption.
Year-on-year variation shows a decline, marking a 3.55% drop from 2025 to 2026 and a 2.73% decrease from 2027 to 2028. The compound annual growth rate (CAGR) from 2024 to 2028 reflects a continuous downward trajectory.
Future trends to watch for:
- Consumer preferences shifting towards plant-based milk alternatives.
- Impact of dietary trends and health concerns on dairy consumption.
- Potential changes in economic factors influencing purchasing power.
- Promotions or innovations in dairy products that could alter consumption patterns.
