The Dairy Farms industry is currently in a state of minimal movement. Though increased consumer spending over the period created demand for fresh dairy products, that demand was negated by a trend toward healthier nondairy substitutes such as almond and soy milk. The industry has also experienced a growing import market, which has created additional competition for domestic dairy farmers. As a result of the controlled nature of the Dairy Farms industry in Canada, the industry is expected to grow at a slow rate over the next five years. Though growing demand from dairy product producers as a result of increased consumer spending is anticipated, some of this demand will be met by imports and dairy substitutes.
This industry primarily milks dairy cattle. Dairy cattle are raised for both milking and meat production, but raising, feeding and fattening cattle as dairy herd replacements are excluded from the 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.