Dairy Product Production in Canada - Industry Market Research Report
Description
Dairy Product Production in Canada
Producers of dairy products benefit from the government's supply management system impacting the dairy industry. This system controls the production and price of raw milk, lowering input price volatility. However, this also prevents producers from manufacturing additional products to export, capping revenue and hindering profitability. Many dairy products, such as butter, cheese and milk, are considered kitchen staples and are used as ingredients for many meals, resulting in somewhat steady demand for these products and protecting producers from drastic revenue losses. As a result, revenue has been growing at an estimated CAGR of 3.3% to $22.9 billion over the past five years, including a 2.6% jump in 2023 alone.
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."
Producers of dairy products benefit from the government's supply management system impacting the dairy industry. This system controls the production and price of raw milk, lowering input price volatility. However, this also prevents producers from manufacturing additional products to export, capping revenue and hindering profitability. Many dairy products, such as butter, cheese and milk, are considered kitchen staples and are used as ingredients for many meals, resulting in somewhat steady demand for these products and protecting producers from drastic revenue losses. As a result, revenue has been growing at an estimated CAGR of 3.3% to $22.9 billion over the past five years, including a 2.6% jump in 2023 alone.
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."
Table of Contents
43 Pages
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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