In 2023, household expenditure on rice in Canada is believed to have stood at around CAD 55. The forecast suggests a steady gradual increase from CAD 56 in 2024 to CAD 61 by 2028. This growth indicates a consistent year-on-year increase, averaging approximately 2% per year over this five-year period.
Future trends to watch for include:
- Changing consumer preferences towards healthier or diversified alternatives.
- Impact of economic factors such as inflation on household spending.
- Potential supply chain disruptions affecting prices and availability.
- The influence of population growth and demographic shifts on consumption patterns.