The demand for infant food in Canada has shown fluctuating trends over the past decade. In 2014, the volume stood at 24.0 thousand metric tons. Following a significant decline in 2015 by 16.67%, the market saw modest recoveries and steady figures. However, from 2018 to 2023, the demand generally decreased, although it maintained a stable volume from 2019 to 2023 at 19.0 thousand metric tons. Notably, 2023 showed no year-on-year change, mirroring the 2022 value.
CAGR over the last five years displays an average annual decline of 1.02%. Forecasts for the next five years predict a continued decrease in demand with an expected CAGR of -1.09%, leading to a total reduction of 5.35% by 2028.
Future trends to watch for:
- Potential impact of rising health consciousness among parents on organic and homemade infant food alternatives.
- Shifts in demographic patterns, particularly birth rates, which could influence overall market demand.
- Innovation in product offerings and marketing strategies by infant food manufacturers to sustain and potentially drive demand.
