The infant food market in Canada, expressed in volume, has shown a declining trend over the past decade. The volume peaked at 24.0 thousand metric tons in 2014, but by 2023, it had reduced to 19.0 thousand metric tons. The market saw substantial year-on-year variations, such as a 16.67% drop in 2015 and a 10% rise in 2016. The last two years showed essentially no variation with a 0% change in 2023 and a slight decline in 2022. Over the last five years, the Compound Annual Growth Rate (CAGR) stood at -1.02%, indicating a consistent decrease. The forecasted data suggests the trend will continue, with a -1.09% CAGR expected over the next five years, resulting in a potential market size of 17.7 thousand metric tons by 2028.
Future trends to watch for include potential shifts in consumer preferences towards organic and health-conscious products, regulatory changes affecting product formulations, and the impact of birth rates on market demand. Sustainability and eco-friendly packaging may also gain importance in this market.
