Forecast: Import of Extracts, Juices of Meat, Fish, Aquatic Invertebrates to Canada

The import of extracts, juices of meat, fish, and aquatic invertebrates to Canada is forecasted to increase steadily from 2024 to 2028. In 2023, actual imports were registered slightly below 17 million US dollars, indicating a moderate upward trend over the years.

Year-on-year percentage increases for the forecasted period display a consistent rise, with an approximate annual growth rate culminating in a CAGR of roughly 2.05%. This denotes a stable and sustained growth trend, indicative of a strengthening demand or a rising market valuation for such imports.

Future trends to watch for include:

  • Fluctuations in global meat and fish markets that could impact import quantities or costs.
  • Changes in dietary preferences within Canada, potentially increasing demand for specific types of extracts and juices.
  • Regulatory developments affecting importation procedures and environmental considerations for marine products.

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