The per capita consumption of demersal fish in Canada is projected to incrementally increase from 5.88 kilograms in 2024 to 6.21 kilograms by 2028. From 2024 to 2025, the year-on-year growth is approximately 1.53%, while from 2025 to 2026, it is about 1.34%. The years 2026 to 2027 and 2027 to 2028 see growth rates of approximately 1.32% each. The five-year Compound Annual Growth Rate (CAGR) from 2024 to 2028 is projected to be around 1.37%.
Future trends to watch for include:
- Increasing consumer preference for sustainable seafood, potentially impacting demand and pricing dynamics.
- Regulatory changes affecting fishing practices and sustainability measures.
- Technological advancements in aquaculture that may influence supply chains and market stability.
- Global economic factors that could affect export and import patterns, influencing domestic consumption levels.