The household expenditure on potato-based snack foods in Canada has fluctuated over the past decade but shows a general upward trend. In 2023, it stood at 79 CAD. Observing recent years, from 2021 to 2023, the year-on-year variation was mixed, with 2022 seeing a slight decline of 0.69% and 2023 showing a modest increase of 1.28%. The CAGR over the last five years leading up to 2023 was approximately 0.91%, indicating a steady but slow increase. Forecasts suggest continued growth, with a projected 5-year CAGR of 0.81%, reaching 83.2 CAD by 2028.
Future trends to watch for:
- Influences of health and wellness trends on consumption.
- Potential impact of economic factors on discretionary spending.
- Innovations and new product launches in the snack food market.
