In 2023, the per capita consumption of ale, beer, stout, and porter in Canada stood at 51.50 liters. From 2024, a forecasted decline is evident, with consumption reducing annually: by 2.60% in 2024, 2.59% in 2025, 2.30% in 2026, and 2.01% in 2027, leading to 2028. The compound annual growth rate (CAGR) over this five-year period projects an average decline of approximately 2.13% per annum.
Future trends to watch for:
- Shifts in consumer preferences towards health-conscious or non-alcoholic beverages.
- Impact of economic factors on discretionary spending on beverages.
- Potential innovations in beer products appealing to evolving taste trends.
- Influence of regulatory and policy changes on alcohol consumption.
