In 2023, Canadian regular beer sales stood at 678 million liters. The forecasted data for the subsequent years indicate a steady but modest increase in sales: 680.87 million liters in 2024, gradually rising to 691.88 million liters by 2028. This represents a compound annual growth rate (CAGR) of 0.37% over the period from 2024 to 2028.
Year-on-year percentage increases are as follows:
-From 2023 to 2024: 0.42%
-From 2024 to 2025: 0.41%
-From 2025 to 2026: 0.41%
-From 2026 to 2027: 0.40%
-From 2027 to 2028: 0.39%
Future trends to watch include the impact of shifting consumer preferences towards craft and imported beers, health and wellness trends influencing alcohol consumption, and the potential effects of economic fluctuations on disposable income and discretionary spending. Monitoring these factors will be essential for anticipating changes in the market.
