The household expenditure on fresh or frozen fish in Canada is anticipated to increase from $148.83 in 2024 to $162.08 in 2028, indicating a consistent growth trend. Year-on-year, the expenditure is expected to rise by approximately 2.29% to 2.34%. The compound annual growth rate (CAGR) over five years is projected at about 2.20%.
Future trends to watch for include potential impacts from shifting consumer preferences towards sustainable seafood, fluctuations in fishery yields due to climate change, and economic factors such as inflation or changes in disposable income which might affect consumer spending on fresh and frozen fish products.
