Forecast: Household Expenditure on Rice in Canada

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.

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