Dairy Product Production in Canada - Industry Market Research Report

Dairy Product Production in Canada - Industry Market Research Report

  • January 2021 •
  • 56 pages •
  • Report ID: 4563970 •
  • Format: PDF
Milking it: Recent free trade agreements are expected to bolster industry exports and imports

Abstract

Dairy Product Production in Canada
The Dairy Product Production industry in Canada processes raw milk and manufactures dairy products including milk, cream, cheese, butter, yogourt and milk powder, primarily for domestic consumption. The industry experiences little volatility as milk production at upstream dairy farms is strictly regulated in terms of production and price. The industry has experienced several clear trends over the past five years. Its product segments have shifted slightly, as per capita fluid milk consumption has declined consistently over the past decade, with many consumers shifting their dairy preferences toward higher value-added goods, such as cheese and yogourt, which has helped to boost industry profit margins. ver the five years to 2024, producers will likely seek growth by continuing to focus on high-margin products, such as cheese and yogourt. Production of both has been rising steadily and this is likely to continue.


The Dairy Product Production industry in Canada mainly manufactures dairy products, such as cream, butter, yogourt and cheese, as well as pasteurized, dry, condensed and evaporated milk. The industry also manufactures substitute dairy products made from soybeans and other nondairy ingredients. Frozen dairy products such as ice cream and frozen yogourt are excluded from this industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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