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Dairy Farms in Canada Industry Data and Analysis
Industry revenue in the Canadian dairy farming industry has steadily expanded, growing at a CAGR of 1.2% over the current period to reach an estimated $11.9 billion in 2025, supported by a 1.3% rise in the most recent year. This growth has been underpinned by a stable national herd size combined with consistent productivity gains through genetic improvement, precision herd management and strong animal welfare standards. Consumption trends have provided an additional boost: national demand for fluid milk, cheese and butter has risen modestly, driven by rapid population increases, immigration and the recovery of out-of-home dining, even as per capita consumption edges lower. On the trade side, Canadian processors continue to benefit from rising US demand for dairy products, increasing their purchases of farm milk in turn, with exports of cheese and skim milk powder growing thanks to market access under CUSMA. However, expanding imports under existing trade agreements and the potential impacts of tariff disputes create some uncertainty for Canadian dairy's market position.
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What's included in this industry analysis
IBISWorld's research coverage on the Dairy Farms industry in Canada includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released August 2025.
About this industry
What's this industry report about?
The Dairy Farms industry in Canada operates under the NAICS industry code 11212CA. The dairy farming industry in Canada includes raising and milking specialized dairy cattle to produce milk, which downstream dairy processors transform into fluid milk, cheese, butter and other dairy foods. Activities span animal care, feeding and milking. Related terms covered in the Dairy Farms industry in Canada include industrial milk, organic, raw milk and tariff rate quota.
What's included in this industry?
Products and services covered in Dairy Farms industry in Canada include Fluid milk , Milk for industrial use and Other.
What companies are included in this industry?
The Dairy Farms industry in Canada is highly fragmented with no companies holding a market share greater than 5%.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Dairy Farms industry in Canada.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Dairy Farms industry in Canada.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Dairy Farms industry in Canada.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Dairy Farms industry in Canada. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Dairy Farms industry in Canada. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Dairy Farms industry in Canada. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Dairy Farms industry in Canada. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Dairy Farms industry in Canada.
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Frequently Asked Questions
What is the market size of the Dairy Farms industry in Canada in 2026?
The market size of the Dairy Farms industry in Canada is $11.9bn in 2026.
How many businesses are there in the Dairy Farms industry in Canada in 2025?
There are 11,820 businesses in the Dairy Farms industry in Canada, which has declined at a CAGR of 1.3 % between 2020 and 2025.
How may import tariffs affect the Dairy Farms industry in Canada?
The Dairy Farms industry in Canada is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Dairy Farms industry in Canada?
The Dairy Farms industry in Canada is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Dairy Farms industry in Canada grown or declined over the past 5 years?
The market size of the Dairy Farms industry in Canada has been growing at a CAGR of 1.2 % between 2020 and 2025.
What is the forecast growth of the Dairy Farms industry in Canada over the next 5 years?
Over the next five years, the Dairy Farms industry in Canada is expected to grow.
What does the Dairy Farms industry in Canada include?
Fluid milk production and Industrial milk production are part of the Dairy Farms industry in Canada.
How competitive is the Dairy Farms industry in Canada?
The level of competition is moderate and increasing in the Dairy Farms industry in Canada.
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