The production of beverages in Canada has demonstrated a generally positive trend from 2013 to 2023, with noticeable fluctuations. In 2023, the value stood at 15.21 billion Canadian Dollars. Significant annual variations include a notable decline in 2020 by 16.15% due to disruptions, followed by a strong recovery in 2021 with a 22.59% increase. The five-year CAGR from 2018 to 2023 was 2.03%.
Looking ahead, the forecast suggests continued growth, with the value expected to reach 16.48 billion Canadian Dollars by 2028. The five-year forecasted CAGR is 1.26%, signaling steady but moderate growth. Key trends to watch include evolving consumer preferences towards healthier options and sustainability practices within the beverage industry.
