Forecast: Sales of Prepared Meals in Non-Store Retailing in Canada

Sales of prepared meals in non-store retailing in Canada have shown significant variability over the past decade. The year-on-year growth was marked by a dramatic spike of 475.61% in 2017, followed by fluctuating growth rates. By 2023, the market value stood at 87.7 million CAD. Over the preceding five years, the compound annual growth rate (CAGR) was 6.57%, reflecting steady yet moderate growth. The forecasted period from 2024 to 2028 anticipates a CAGR of 3.42%, indicating continued growth but at a slower pace.

Future trends to watch for:

• Increased consumer preference for online shopping could further drive sales.
• Technological advancements in delivery services and logistics.
• Introduction of more diverse and healthier prepared meal options.
• Potential impact of economic fluctuations and inflation on consumer spending.