In 2023, the household expenditure on preserved fruit and fruit preparations in Canada was a reference point before experiencing a gradual decline. Forecasts show a decreasing trend from 2024 where it starts at 192.4 CAD down to 188.9 CAD in 2028. This reflects an annual decline with a slight reduction year on year, suggesting a decrease in consumer spending in this category. The average annual compound decline rate (CAGR) over the five years is notable.
Future trends to watch for include changes in consumer preferences towards healthier options, potential economic factors affecting disposable income, and possible innovations in preserved food products promoting rejuvenated market interest.
