In 2023, Canada's cranberry gross production stood at a significant benchmark, establishing a foundation for the forecast period. The projected data for 2024 through 2028 shows a steady growth in gross production value, rising from 192.63 million USD to 209.53 million USD. The year-on-year growth projection suggests a consistent increase of around 2-2.5% annually. This positive trend indicates a healthy trajectory for the cranberry industry in Canada, supported by stable demand and potentially expanding market opportunities.
Future trends to watch for include:
- Enhanced agricultural practices and innovations in cranberry farming, potentially boosting yield efficiency.
- Shifts in consumer preferences towards natural and health-oriented food products.
- Potential impacts of climate change on cranberry harvest quality and quantity.
- Exchange rate fluctuations affecting export competitiveness of Canadian cranberries globally.