In 2023, household expenditure on berries in Canada was CAD 153. The forecasted spending from 2024 to 2028 shows a consistent annual increase. From 2024 to 2025, there is a year-on-year growth of approximately 1.92%, with this trend remaining steady through subsequent years. The Compound Annual Growth Rate (CAGR) over the five-year period between 2024 and 2028 is estimated to be about 1.83%.
Future trends to watch for:
- Potential impact of climate change on berry production influencing pricing and availability.
- Consumer preference shifts towards organic and sustainable berries could drive up costs.
- Trade policies affecting import and export dynamics between Canada and major berry-producing regions.