In 2023, household expenditure on fish portions (pre-cooked and frozen) in Canada was at a certain level (data not provided). Forecasts from 2024 through 2028 show a steady increase in spending from 8.98 Canadian Dollars in 2024 to 9.24 Canadian Dollars in 2028. This represents a consistent year-over-year growth rate, with a slight increase each year. The compounded annual growth rate (CAGR) over the five-year period is a modest indicator of the average yearly growth.
Future trends to watch for include potential impacts from changes in consumer preferences towards healthier eating, which could boost demand even further. Additionally, sustainability practices and pricing fluctuations in the seafood industry may also affect expenditure patterns.
