Household expenditure on frozen fruit in Canada is forecasted to increase steadily from CAD 26.9 in 2024 to CAD 30 by 2028. In 2023, the expenditure was CAD 26.2. The year-on-year growth reflects a consistent increase of approximately 2.97% on average over the five-year forecast period. The Compound Annual Growth Rate (CAGR) suggests an upward trend driven by increasing consumer preferences for convenient and healthy food options.
Future trends to watch for:
- Growing health consciousness and a preference for convenient, nutritious options could continue driving demand.
- Potential economic factors and price changes of fresh fruit may impact consumer spending behavior.
- Innovations in freezing technology and product offerings could further stimulate market growth.
