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    Canada Dairy Market

    ID: MRFR/F-B & N/44942-HCR
    128 Pages
    Harshita Gorade
    September 2025

    Canada Dairy Market Research Report By Product Type (Milk, Cheese, Butter, Yogurt, Dairy Cream, Ice Cream, Others), By Category (Organic, Conventional), By Distribution Channel (Store-Based, Non-Store-Based) and By Store-Based (Supermarkets Hypermarkets, Convenience Stores, Others) - Forecast to 2035

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    Canada Dairy Market Research Report- Forecast to 2035 Infographic
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    Table of Contents

    Canada Dairy Market Summary

    The Canada Dairy market is projected to grow from 42.1 USD billion in 2024 to 58 USD billion by 2035.

    Key Market Trends & Highlights

    Canada Dairy Key Trends and Highlights

    • The market is expected to experience a compound annual growth rate of 2.94 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 58 USD billion, reflecting a steady growth trajectory.
    • In 2024, the market is valued at 42.1 USD billion, indicating a robust foundation for future expansion.
    • Growing adoption of sustainable farming practices due to increasing consumer demand for organic products is a major market driver.

    Market Size & Forecast

    2024 Market Size 42.1 (USD Billion)
    2035 Market Size 58 (USD Billion)
    CAGR (2025-2035) 2.94%

    Major Players

    Agropur, Saputo, Vega, Galloping Goose, Dairy Farmers of Canada, Neilson, Danone, Maple Leaf Foods, Lactantia, Canada's Dairy Industry, Lactalis, Nestle, Breyers, Schneiders, Fairlife

    Canada Dairy Market Trends

    Additionally, plant-based alternatives are becoming more popular among those who wish to reduce their dairy consumption, necessitating innovation by traditional dairy producers and the diversification of their offers to include these alternatives.

    Canadian dairy producers can use these shifting gaps as opportunities to diversify their product lines. Many Canadians are keen on purchasing functional dairy products with additional health benefits such as probiotic yogurt or high protein milk. This certainly offers an opportunity for marketers to create distinct products that meet these demands. Moreover, the growing international market for dairy products presents new opportunities for Canadian producers to export their quality dairy products. The Canadian dairy industry is also witnessing a growing concern for animal welfare and eco-friendly farming methods as standard practices.

    People are increasingly concerned about the ethical treatment of animals in dairy farms and choosing brands that practice, or at least pretend to practice, good animal welfare. This is pushing producers towards more sustainable practices and supporting environmentally friendly initiatives. The changes occurring in Canada's dairy market integrates elements of wellbeing, eco-friendliness, and social responsibility, which will dictate the future direction of the sector.

    Canada Dairy Market Drivers

    Market Segment Insights

    Get more detailed insights about Canada Dairy Market Research Report- Forecast to 2035

    Regional Insights

    Key Players and Competitive Insights

    The Canada Dairy Market is a pivotal sector within the country's agricultural landscape, characterized by a rich diversity of products ranging from fluid milk to cheese, yogurt, and other dairy derivatives. The competitive landscape is defined by a mix of established players and emerging entities, each vying for consumer loyalty and market share through innovative offerings and strategic marketing. As consumer preferences evolve, driven by health consciousness and sustainability concerns, dairy companies are optimizing their supply chains, enhancing product quality, and introducing new flavors and formulations to meet market demands.

    Government regulations and support for dairy farmers also shape the competitive dynamics, as firms navigate price controls and quotas, while striving for sustainability and quality in production processes. Agropur stands out in the Canadian Dairy Market due to its extensive cooperative structure, which empowers farmers and enhances local community engagement. The company's robust presence allows it to leverage supply chain efficiencies and ensure quality control throughout its operations. With a diverse product portfolio, Agropur emphasizes innovation in cheese and dairy products, meeting the demands of both consumers and foodservice operators.

    The company's strengths lie in its commitment to sustainability, a focus on new product development, and strong regional ties that bolster its market position. As a significant player in the dairy field, Agropur benefits from a strong brand reputation and customer loyalty, positioning itself effectively amidst stiff competition. Saputo has established a dominant footprint in the Canadian Dairy Market through its comprehensive array of dairy products, including cheese, fluid milk, and specialty dairy items. Its strong market presence is supported by strategic mergers and acquisitions that have expanded its operations and diversified its product offerings over the years.

    Saputo's commitment to quality is evident in its branding, which resonates with health-conscious consumers. The company emphasizes sustainability in its production practices, aligning with evolving consumer trends towards eco-friendly products. Notable strengths include its ability to scale production efficiently, extensive distribution networks across Canada, and a strong focus on research and development that drives innovation within its product lines. By continually adapting to consumer preferences and market challenges, Saputo maintains a competitive edge in the Canadian dairy sector.

    Key Companies in the Canada Dairy Market market include

    Industry Developments

    Recent developments in the Canada Dairy Market have showcased a range of significant activities. In September 2023, Agropur announced an investment aimed at upgrading its production capabilities, which is expected to enhance efficiency and product quality. Similarly, in October 2023, Saputo unveiled its plans for a sustainable dairy processing facility, focusing on reducing its carbon footprint, reflecting a wider trend towards sustainability within the industry. 

    Current affairs also indicate a strong emphasis on innovation, with Vega expanding its plant-based product line, catering to the increasing demand for dairy alternatives. In terms of mergers and acquisitions, Lactalis, a notable player in the dairy sector, completed its acquisition of a regional cheese producer in Alberta in August 2023, further consolidating its market presence. The Dairy Farmers of Canada continues to advocate for fair pricing and trade practices, highlighting concerns over imports affecting local dairy prices. 

    Over the past two to three years, the market has seen gradual growth driven by health-conscious consumer trends, with the market valuation of companies like Neilson and Danone significantly impacted by evolving consumer preferences towards natural and nutritious dairy products. Overall, the Canada Dairy Market remains dynamic, reflecting both challenges and opportunities for its prominent players.

    Market Segmentation

    Dairy Market Category Outlook

    • Organic
    • Conventional

    Dairy Market Store-Based Outlook

    • Supermarkets Hypermarkets
    • Convenience Stores
    • Others

    Dairy Market Product Type Outlook

    • Milk
    • Cheese
    • Butter
    • Yogurt
    • Dairy Cream
    • Ice Cream
    • Others

    Dairy Market Distribution Channel Outlook

    • Store-Based
    • Non-Store-Based

    Report Scope

    Report Attribute/Metric Details
    Market Size 2023 40.73(USD Billion)
    Market Size 2024 42.15(USD Billion)
    Market Size 2035 58.0(USD Billion)
    Compound Annual Growth Rate (CAGR) 2.944% (2025 - 2035)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Base Year 2024
    Market Forecast Period 2025 - 2035
    Historical Data 2019 - 2024
    Market Forecast Units USD Billion
    Key Companies Profiled Agropur, Saputo, Vega, Galloping Goose, Dairy Farmers of Canada, Neilson, Danone, Maple Leaf Foods, Lactantia, Canada's Dairy Industry, Lactalis, Nestle, Breyers, Schneiders, Fairlife
    Segments Covered Product Type, Category, Distribution Channel, Store-Based
    Key Market Opportunities Plant-based dairy alternatives growth, Organic dairy product demand, Value-added dairy innovations, Sustainability-focused dairy practices, E-commerce dairy product sales expansion
    Key Market Dynamics sustainability trends, health consciousness, pricing pressures, government regulations, evolving consumer preferences
    Countries Covered Canada

    Market Highlights

    Author
    Harshita Gorade
    Research Analyst

    Harshita Post graduate MBA in Business Administration from Welingkar Institute, Mumbai and 5 years of experience in the field of product market research. As a Research Analyst, I have cross-domain experience in packaging, and industrial Automation & Equipment. I am currently looking after the research process of packaging, logistics & transportation, and industrial automation & equipment at Market Research Future Reports. My responsibilities at the organization involve handling syndicate and custom reports as well as responding to client inquiries, and organize, co-ordinate with a group of 5 to 6 persons to manage all workflows.

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    FAQs

    What was the market size of the Canada Dairy Market in 2024?

    The Canada Dairy Market was valued at 42.15 billion USD in 2024.

    What will the Canada Dairy Market be valued at in 2035?

    In 2035, the Canada Dairy Market is projected to reach a valuation of 58.0 billion USD.

    What is the expected CAGR for the Canada Dairy Market from 2025 to 2035?

    The expected CAGR for the Canada Dairy Market from 2025 to 2035 is 2.944%.

    What segment contributed the highest value to the Canada Dairy Market in 2024?

    The Milk segment contributed the highest value at 15.0 billion USD in 2024.

    How much is the Cheese segment anticipated to be worth in 2035?

    The Cheese segment is expected to be valued at 14.0 billion USD in 2035.

    What was the market size of the Yogurt segment in 2024?

    The Yogurt segment was valued at 7.0 billion USD in 2024.

    Who are the key players in the Canada Dairy Market?

    Key players in the Canada Dairy Market include Agropur, Saputo, and Danone, among others.

    What is the expected market size of the Butter segment in 2035?

    The Butter segment is expected to reach a valuation of 7.0 billion USD in 2035.

    How much was the Dairy Cream segment expected to be worth in 2024?

    The Dairy Cream segment was valued at 5.15 billion USD in 2024.

    What challenges might impact the growth of the Canada Dairy Market?

    Challenges may include changing consumer preferences and competition from plant-based alternatives.

    1. EXECUTIVE SUMMARY
      1. Market Overview
      2. Key Findings
      3. Market Segmentation
      4. Competitive Landscape
      5. Challenges and Opportunities
      6. Future Outlook
    2. MARKET INTRODUCTION
      1. Definition
      2. Scope of the study
        1. Research Objective
        2. Assumption
        3. Limitations
    3. RESEARCH METHODOLOGY
      1. Overview
      2. Data Mining
      3. Secondary Research
      4. Primary Research
        1. Primary Interviews and Information Gathering Process
        2. Breakdown of Primary Respondents
      5. Forecasting Model
      6. Market Size Estimation
        1. Bottom-Up Approach
        2. Top-Down Approach
      7. Data Triangulation
      8. Validation
    4. MARKET DYNAMICS
      1. Overview
      2. Drivers
      3. Restraints
      4. Opportunities
    5. MARKET FACTOR ANALYSIS
      1. Value chain Analysis
      2. Porter's Five Forces Analysis
        1. Bargaining Power of Suppliers
        2. Bargaining Power of Buyers
        3. Threat of New Entrants
        4. Threat of Substitutes
        5. Intensity of Rivalry
      3. COVID-19 Impact Analysis
        1. Market Impact Analysis
        2. Regional Impact
        3. Opportunity and Threat Analysis
    6. CANADA DAIRY MARKET, BY PRODUCT TYPE (USD BILLION)
      1. Milk
      2. Cheese
      3. Butter
      4. Yogurt
      5. Dairy Cream
      6. Ice Cream
      7. Others
    7. CANADA DAIRY MARKET, BY CATEGORY (USD BILLION)
      1. Organic
      2. Conventional
    8. CANADA DAIRY MARKET, BY DISTRIBUTION CHANNEL (USD BILLION)
      1. Store-Based
      2. Non-Store-Based
    9. CANADA DAIRY MARKET, BY STORE-BASED (USD BILLION)
      1. Supermarkets Hypermarkets
      2. Convenience Stores
      3. Others
    10. COMPETITIVE LANDSCAPE
      1. Overview
      2. Competitive Analysis
      3. Market share Analysis
      4. Major Growth Strategy in the Dairy Market
      5. Competitive Benchmarking
      6. Leading Players in Terms of Number of Developments in the Dairy Market
      7. Key developments and growth strategies
        1. New Product Launch/Service Deployment
        2. Merger Acquisitions
        3. Joint Ventures
      8. Major Players Financial Matrix
        1. Sales and Operating Income
        2. Major Players RD Expenditure. 2023
    11. COMPANY PROFILES
      1. Agropur
        1. Financial Overview
        2. Products Offered
        3. Key Developments
        4. SWOT Analysis
        5. Key Strategies
      2. Saputo
        1. Financial Overview
        2. Products Offered
        3. Key Developments
        4. SWOT Analysis
        5. Key Strategies
      3. Vega
        1. Financial Overview
        2. Products Offered
        3. Key Developments
        4. SWOT Analysis
        5. Key Strategies
      4. Galloping Goose
        1. Financial Overview
        2. Products Offered
        3. Key Developments
        4. SWOT Analysis
        5. Key Strategies
      5. Dairy Farmers of Canada
        1. Financial Overview
        2. Products Offered
        3. Key Developments
        4. SWOT Analysis
        5. Key Strategies
      6. Neilson
        1. Financial Overview
        2. Products Offered
        3. Key Developments
        4. SWOT Analysis
        5. Key Strategies
      7. Danone
        1. Financial Overview
        2. Products Offered
        3. Key Developments
        4. SWOT Analysis
        5. Key Strategies
      8. Maple Leaf Foods
        1. Financial Overview
        2. Products Offered
        3. Key Developments
        4. SWOT Analysis
        5. Key Strategies
      9. Lactantia
        1. Financial Overview
        2. Products Offered
        3. Key Developments
        4. SWOT Analysis
        5. Key Strategies
      10. Canada's Dairy Industry
        1. Financial Overview
        2. Products Offered
        3. Key Developments
        4. SWOT Analysis
        5. Key Strategies
      11. Lactalis
        1. Financial Overview
        2. Products Offered
        3. Key Developments
        4. SWOT Analysis
        5. Key Strategies
      12. Nestle
        1. Financial Overview
        2. Products Offered
        3. Key Developments
        4. SWOT Analysis
        5. Key Strategies
      13. Breyers
        1. Financial Overview
        2. Products Offered
        3. Key Developments
        4. SWOT Analysis
        5. Key Strategies
      14. Schneiders
        1. Financial Overview
        2. Products Offered
        3. Key Developments
        4. SWOT Analysis
        5. Key Strategies
      15. Fairlife
        1. Financial Overview
        2. Products Offered
        3. Key Developments
        4. SWOT Analysis
        5. Key Strategies
    12. APPENDIX
      1. References
      2. Related Reports

    Canada Dairy Market Segmentation

    • Dairy Market By Product Type (USD Billion, 2019-2035)
      • Milk
      • Cheese
      • Butter
      • Yogurt
      • Dairy Cream
      • Ice Cream
      • Others
    • Dairy Market By Category (USD Billion, 2019-2035)
      • Organic
      • Conventional
    • Dairy Market By Distribution Channel (USD Billion, 2019-2035)
      • Store-Based
      • Non-Store-Based
    • Dairy Market By Store-Based (USD Billion, 2019-2035)
      • Supermarkets Hypermarkets  
      • Convenience Stores
      • Others

     

     

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    Customer Strories

    “I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”

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