In Canada, wine market consumption per capita is expected to decline from 10.23 kg in 2024 to 9.86 kg by 2028. This represents a downward trend, with a year-on-year percentage drop of approximately 0.88% on average. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 indicates a consistent decrease of around 0.9% per year.
Looking ahead, the Canadian wine market may face challenges from changing consumer preferences, increased competition from other alcoholic beverages, and potential economic factors affecting spending habits. Monitoring these trends will be crucial for stakeholders in the industry.
