Dairy Farms in Canada
The Dairy Farms industry in Canada consists of farms that primarily raise cattle for milking, and the majority of industry revenue comes from the sale of milk to dairy processors. While consumer spending rose, fluid milk consumption has fallen in recent years in favour of substitutes, cutting into demand for one of the industry's primary products. One key feature of the industry over the past five years has been a steady consolidation. The number of domestic dairy farms has fallen each year over the past decade, as smaller farms have closed or sold their land to larger organizations. As a result of the controlled nature of the industry, the industry is expected to continue to grow at a slow rate over the five years to 2024. In response to slow revenue growth, the industry is expected to continue its path toward consolidation.
The Dairy Farms industry in Canada 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.
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