In 2023, household expenditure on peaches in Canada was a significant marker to predict future trends. From 2024 to 2028, a steady growth is expected, with annual increases mostly around 5.9% for 2024 and approximately no change for 2025 and 2026, with another 5.8% increase projected through to 2028. The compound annual growth rate (CAGR) for these years is likely to average around 3%.
Future trends to watch for include:
- Potential influence of changing consumer preferences driven by health trends.
- Evolving agricultural practices impacting supply and pricing.
- Impacts of climate change on peach production affecting market dynamics.
