The wine consumption per capita in Canada is projected to show a steady yet slight increase from 2024 to 2028, with increments of 0.01 liters of pure alcohol each year. In 2023, the consumption stood slightly below 2.09 liters. This gradual rise represents consistent, sustainable growth with a year-on-year increase of approximately 0.48%. The CAGR from 2024 to 2028 is approximately 0.47%, indicating a conservative growth trend.
Looking forward, trends to watch include:
- Consumer preference shifts towards organic and locally-produced wines.
- Impact of health trends on alcohol consumption.
- Influence of new import tariffs and trade agreements on wine prices.
