The per capita consumption of nuts in Canada stood at 2.95 kilograms in 2023. For the forecasted period, the data suggests a steady growth: 2.97 kg in 2024, 2.99 kg in 2025, 3 kg in 2026, 3.02 kg in 2027, and 3.04 kg in 2028. Year-on-year variations indicate a consistent increase: approximately 0.68% from 2024 to 2025, around 0.33% from 2025 to 2026, repeating a similar trend through to 2028.
The five-year compound annual growth rate (CAGR) from 2023 to 2028 is approximately 0.61%. This reflects a stable yet modest growth in the per capita volume consumption of nuts in Canada.
Future trends to watch include potential shifts in consumer preferences towards healthier snack options, which might further increase the demand for nuts. Additionally, innovations in nut-based products and sustainable sourcing practices could positively influence market growth.
