The consumption of ale, beer, stout, and porter in Canada is forecasted to decrease steadily from 1.99 million kiloliters in 2024 to 1.87 million kiloliters by 2028. The data suggests a consistent year-on-year decline ranging from 2% to 1.5% during this period. The compound annual growth rate (CAGR) for the 2024-2028 period indicates an average annual decrease of approximately 1.55%, continuing the downward trend observed since 2023, where consumption stood at approximately 2.04 million kiloliters.
Future trends to watch include the growing consumer preference for low-alcohol beverages, increased health consciousness, and the impact of economic factors such as inflation and purchasing power on beer consumption. The craft beer movement may also influence traditional beer markets, posing both challenges and opportunities for industry players.
