Monthly average retail prices for selected products, for Canada and provinces. Prices are presented for the current month and the previous four months. Prices are based on transaction data from Canadian retailers, and are presented in Canadian current dollars.

This statistic shows the producer price of whole fresh milk in Canada from 2010 to 2020. In 2020, the average price received by farmers in Canada amounted to 764 Canadian dollars per metric ton of milk.

The average retail price for homogenized milk hit an all-time high with 6.53 Canadian dollars per four liters in February 2022 in Canada.

What is homogenized milk?

Homogenization is the process of breaking down the fat molecules within milk to ensure that they do not separate. This prevents the fat molecules rising to the top and creating a layer of cream, therefore creating a more consistent product with a longer shelf life. Homogenization generally occurs after pasteurization, which is a heating process to eliminate bacteria.

The Canadian milk market

The volume of milk produced in Canada has steadily risen year-on-year to reach approximately 93.24 million hectoliters in 2020. Quebec and Ontario are the provincial frontrunners in milk production, both producing over 30 million hectoliters in that year. Quebec and Ontario are also home to the largest number of certified organic milk producers in Canada.

In 2021, the retail price of one liter of milk in Canada was on average **** Canadian dollars, with some regional differences. For instance, in Quebec, one liter of milk cost **** Canadian dollars on average, while it cost **** Canadian dollars in Ontario.

Milk production in Canada

Canada featured among the leading producers of cow milk worldwide, with a production volume exceeding ** million metric tons in 2021. Although this production volume pales in comparison to that of the EU-27 or the United States, Canada’s dairy farming industry is among the most important agricultural sectors in the country. Dairy farms in Canada were home to more than ******* milk cows in 2021. In addition to being the provinces with the largest number of milk cows in the country, Quebec and Ontario also produced the largest volume of milk in Canada in 2020, at around ** million and ** million hectoliters, respectively.

Milk consumption in Canada

Since 2004, consumption of milk per capita in Canada has been steadily declining, with a significant decrease of more than twenty liters per capita between 2004 and 2019. This can be attributed to the emergence of new consumption habits and the rise of non-dairy substitutes for milk such as soy milk, almond milk, coconut milk and others, which appeal primarily but not exclusively to people following plant-based diets. It was estimated that the milk substitute market in Canada would generate approximately *** million U.S. dollars in revenues in 2022.

Canada Consumer Price Index (CPI): Food: PS: DP: Dairy Products: Fresh Milk data was reported at 181.400 2002=100 in Mar 2025. This records an increase from the previous number of 180.200 2002=100 for Feb 2025. Canada Consumer Price Index (CPI): Food: PS: DP: Dairy Products: Fresh Milk data is updated monthly, averaging 74.000 2002=100 from Jan 1949 (Median) to Mar 2025, with 915 observations. The data reached an all-time high of 181.400 2002=100 in Mar 2025 and a record low of 10.900 2002=100 in Mar 1949. Canada Consumer Price Index (CPI): Food: PS: DP: Dairy Products: Fresh Milk data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I002: Consumer Price Index: 2002=100.

The Canadian milk market reduced to $11.5B in 2024, falling by -9.2% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 9.6%. Over the period under review, the market attained the peak level at $12.7B in 2023, and then fell in the following year.

Powdered Milk Price in Canada - 2023. Find the latest marketing data on the IndexBox platform.

This statistic shows the average retail price for * liters of partly skimmed milk in Canada from January 2016 to February 2022. The retail price stayed fairly constant for most of 2021, at around *** Canadian dollars, but jumped up to *** Canadian dollars in February 2022.

Milk fell to 17.34 USD/CWT on July 14, 2025, down 0.17% from the previous day. Over the past month, Milk's price has fallen 7.37%, and is down 12.29% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Milk - values, historical data, forecasts and news - updated on July of 2025.

Canadian dairy farmers primarily raise cattle for milking, while most revenue comes from selling milk to dairy processors. Revenue has expanded in recent years, climbing at a CAGR of 2.2% to $11.2 billion through the end of 2024. This includes a 4.6% growth in 2024 alone as macroeconomic indicators, including consumer spending and the CPI for food, continue to climb. While consumer spending has risen, fluid milk consumption has fallen in favour of substitutes, cutting into demand for one of dairy farmers' primary products. Downstream demand for other dairy products, including yogourt, butter and cheese, has risen steadily, bolstering demand for milk products used as inputs for those goods. Dairy farmers operate on a supply management system that manages production volumes and the prices they receive for their goods according to domestic demand. This shields farmers from significant revenue volatility and helps keep profit high, especially as they have been able to pass on price increases to consumers in recent years. One key feature of dairy farmers in recent years has been steady consolidation. The number of domestic dairy farms has fallen each year but one over the past decade, as smaller farms have closed or sold their land to larger organizations. While participation has declined, domestic milk production has steadily increased, as the number of dairy cows has remained significant. This indicates that on average, farms have gotten larger. This has caused average revenue generated by dairy farms to climb steadily. Revenue will continue growing because of the controlled nature of dairy farms, increasing at a CAGR of 1.5% to $12.1 billion through the end of 2029. In response to slower revenue growth, farmers will continue their path toward consolidation, though a strong macroeconomic environment will encourage participation. Dairy farmers will also incorporate increasingly advanced machines, including milking robots and machinery, which may further skew the industry's structure toward larger operations with the resources to invest in these technologies.

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, like butter, cheese and milk, are considered kitchen staples and are used as ingredients for many meals, resulting in steady demand for these products and protecting producers from drastic revenue losses. As a result, revenue has grown at an estimated CAGR of 2.1% to $21.5 billion over the past five years, including a 1.2% jump in 2024 alone. Changing consumer preferences have harmed milk sales, as buyers are increasingly opting for dairy-free alternatives, including soy-, oat- or other nut-based milk. This has also caused demand for cheese and yogurt to jump, making producers more profitable. Producers also benefit from multiple trade agreements, which enable them to export their products to foreign markets. While the supply management system has kept trade levels consistently low, free trade agreements have opened up more import space. As the industry grows, large producers will continue consolidating by acquiring smaller competitors, enabling them to expand their market share and product offerings. Over the coming years, demand for dairy products will continue expanding, although at a slower rate. Producers must focus on products that meet changing consumer preferences, like cheese and yogurt. Similarly, the country's participation in trade agreements will help boost international trade, creating more opportunities for domestic producers to penetrate global markets. However, given the constraints of the supply management system, these opportunities will be limited. These trends will expand revenue at an estimated CAGR of 1.1% to $22.7 billion over the next five years.

In 2023, supplies from abroad of whole fresh milk decreased by -1.2% to 56K tons, falling for the second year in a row after two years of growth.

The Canadian dairy market, a significant contributor to the nation's agricultural economy, is experiencing robust growth driven by several key factors. Rising consumer incomes and a growing preference for convenient and healthy dairy products are fueling demand across various segments. The increasing popularity of value-added dairy products like flavored yogurts, specialized cheeses, and ready-to-drink milk alternatives is further stimulating market expansion. Furthermore, the burgeoning health and wellness trend is driving demand for organic and lactose-free dairy options, presenting lucrative opportunities for manufacturers. The market is also witnessing the rise of e-commerce channels, providing new avenues for sales and distribution. While challenges remain, such as fluctuating milk prices and competition from plant-based alternatives, the overall outlook for the Canadian dairy market remains positive. However, several factors could potentially hinder market growth. Supply chain disruptions and rising input costs (feed, packaging, labor) can impact profitability and product pricing. Stringent regulations concerning dairy production and labeling also present challenges for manufacturers. Moreover, intensifying competition from both domestic and international players demands continuous innovation and strategic marketing efforts to maintain a competitive edge. The dominance of established players necessitates innovative product development and targeted marketing strategies for smaller companies. Nevertheless, the long-term growth trajectory of the Canadian dairy market appears strong, driven by evolving consumer preferences and innovative product offerings. The strategic expansion of e-commerce and premium product lines could further enhance overall market value in the coming years. Detailed segmentation analysis across different product types (butter, cheese, milk, yogurt, etc.) and distribution channels is crucial for informed decision-making and targeted market penetration. Recent developments include: December 2022: Lactalis Canada acquired Kraft Heinz's Grated Cheese business in Canada, marking its entry into the ambient category.November 2022: The Kraft Heinz Company launched the cheesecake kit Philly Handbag.June 2022: Danone North America partnered with White Plains, Boulder, and Colo and launched Activia+ Multi-Benefit Probiotic Yogurt Drinks.. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

The data set provides official information from the Government of Canada pertaining to the imports of Dairy Products into Canada, subject to controls under Canada's Export and Import Permits Act (EIPA). Available reports provide data: on Tariff Rate Quota Table on Cream, Powdered Whey, Butter and Fats and Oils from Milk on a year-to-date basis (August 1st to July 31st); on Tariff Rate Quota Utilization for Dairy Products on a year-to-date basis (January 1st to December 31st); on Tariff Rate Quota Utilization for Milk Protein Substances on a year-to-date basis (April 1st to March 31st); and, on Tariff Rate Quota Utilization for Cheese on a year-to-date basis (January 1st to December 31st).

After three years of growth, the Canadian evaporated and condensed milk market decreased by -3.5% to $110M in 2024. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Evaporated and condensed milk consumption peaked at $115M in 2023, and then contracted slightly in the following year.

The Canadian powdered milk market rose modestly to $252M in 2024, with an increase of 4.4% against the previous year. In general, consumption, however, showed a slight downturn. Over the period under review, the market reached the peak level at $323M in 2014; however, from 2015 to 2024, consumption failed to regain momentum.

This table contains 288 series, with data for years 1956 - 1990 (not all combinations necessarily have data for all years), and was last released on 2000-02-18. This table contains data described by the following dimensions (Not all combinations are available): Geography (6 items: Canada; Atlantic Region; Ontario; Quebec ...), Commodities (278 items: Canola oil cake and meal; domestic; Meat products; Primary meat products; Meat; fish and dairy products ...).

Canada Consumer Price Index (CPI): Food: PS: Dairy Products and Eggs data was reported at 172.700 2002=100 in 2024. This records an increase from the previous number of 169.000 2002=100 for 2023. Canada Consumer Price Index (CPI): Food: PS: Dairy Products and Eggs data is updated yearly, averaging 90.450 2002=100 from Dec 1971 (Median) to 2024, with 54 observations. The data reached an all-time high of 172.700 2002=100 in 2024 and a record low of 19.900 2002=100 in 1971. Canada Consumer Price Index (CPI): Food: PS: Dairy Products and Eggs data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I005: Consumer Price Index: 2002=100: Annual.

This statistic shows the annual consumer price index of dairy products and eggs in Canada from 2003 to 2024. The annual consumer price index for dairy products and eggs was measured at ***** in 2024.

Canada Consumer Price Index (CPI): Weights: Food: PS: Dairy Products and Eggs data was reported at 1.470 % in 2024. This stayed constant from the previous number of 1.470 % for 2023. Canada Consumer Price Index (CPI): Weights: Food: PS: Dairy Products and Eggs data is updated yearly, averaging 1.760 % from Dec 1986 (Median) to 2024, with 39 observations. The data reached an all-time high of 2.220 % in 1991 and a record low of 1.470 % in 2024. Canada Consumer Price Index (CPI): Weights: Food: PS: Dairy Products and Eggs data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I007: Consumer Price Index: Weights.