The household expenditure on roasted and ground coffee in Canada is forecasted to increase from 2024 to 2028. In 2023, the expenditure stood slightly below CAD 143. By 2028, it is anticipated to reach CAD 157.4, showing a CAGR of approximately 2.4% over the five-year period. Year-on-year variations depict a steady growth pattern, indicating a consistent rise in consumer spending in this category.
Future trends to watch for include varying consumer preferences towards premium coffee brands, the impact of economic factors on discretionary spending, and potential shifts towards sustainable and ethically sourced coffee products which may influence pricing and consumption habits.
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