The forecasted value added for breweries in Canada shows a steady upward trend from 2024 to 2028. Starting at 4.9615 billion CAD in 2024, the value increases annually by approximately 2%. There was a consistent growth reported through these years, projecting 5.3496 billion CAD by 2028. While 2023 data is necessary to provide detailed year-on-year percentage variations, the average compound annual growth rate (CAGR) over the forecast period appears robust, indicating industry stability and potential growth.
Future trends to monitor include:
- Emergence of craft breweries and consumer preference shifts toward local products.
- Impacts of regulatory changes and international trade policies affecting import-export dynamics.
- Innovations in brewing techniques and sustainable practices.