In 2023, the consumption of baked and canned beans per capita in Canada was recorded at 0.86 kilograms. The forecast from 2024 to 2028 shows a consistent decline, with a year-on-year decrease of approximately 2.38%. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) suggests a steady reduction of about 2.38% per year in consumption.
Future trends to watch for include:
- Shifts in consumer preferences towards fresh or alternative sources of protein.
- Potential market responses, such as new product offerings or marketing strategies aimed at revitalizing demand.
- Environmental and economic factors that may impact the production and pricing of canned and baked beans.
