By 2023, the import value of human-edible mollusc flours, meals, and pellets to Canada stood at 200 Million US Dollars. The forecasted data from 2024 onward indicates a gradual year-on-year increase in import values, starting at 204.14 Million USD. This represents a consistent annual growth rate, with both 2025 and 2026 expecting slight upticks, reaching 220.32 Million USD by 2028. The compound annual growth rate (CAGR) analysis predicts a moderate average growth per year over this five-year period.
Future trends to watch for:
- Monitoring demands for sustainable seafood alternatives could alter import volumes and values significantly.
- Tariff or trade policy changes impacting international supply chains might influence forecasted growth.
- Environmental factors affecting mollusc supply sources may impact long-term availability and prices.