Canadian Cheese Market on a Growth Path: Projected to Reach USD 4.034 Billion by 2028
Source: DairyNews.today
The Canadian cheese industry is on a notable growth trajectory, with a market valuation of USD 3.47 billion as of 2023. This upward trend is expected to continue, reaching USD 4.034 billion by 2028, translating to a compound annual growth rate (CAGR) of 3.06%, according to ResearchAndMarket.
Between 2018 and 2023, the market demonstrated strong resilience, achieving a CAGR of 3.71%. In 2023, total sales reached CAD 4.68 billion—a 4.18% increase from the previous year—with 2022 marking the highest annual growth rate at 6.30%.
The forecasted growth reflects rising demand across both natural and processed cheese varieties.
Key News of the Week
