The household expenditure on mushrooms in Canada has seen steady growth from 2023 to 2028. The data for 2023 shows an expenditure of CAD 33, with forecast values indicating gradual increases each year. Specifically, from 2024 to 2028, expenditures are projected to rise incrementally from CAD 34 to CAD 36. The year-on-year variation is approximately 2.94% from 2023 to 2024, and subsequent years show a steady growth rate, averaging 0% to 2.9% per annum. The Compound Annual Growth Rate (CAGR) over the five-year forecast period up to 2028 is estimated at around 1.78%.
Future trends to watch for include potential impacts of inflation on food prices, changes in consumer preferences, and the influence of health trends promoting mushrooms as a nutritious choice. Additionally, any shifts in domestic mushroom production and import dynamics could affect household expenditure levels in upcoming years.
