In 2023, imported beverage sales in Canada stood at 11.127 billion Canadian Dollars. Over the forecast period from 2024 to 2028, sales are expected to grow steadily. Year-on-year growth rates are approximately 2.66% from 2024 to 2025, 2.56% from 2025 to 2026, 2.48% from 2026 to 2027, and 2.39% from 2027 to 2028. The compound annual growth rate (CAGR) for this period is around 2.5%.
Future trends to watch for:
- Consumer preference for premium and diverse imported beverages.
- Impact of changes in trade policies and tariffs.
- Potential growth in sustainable and eco-friendly beverage options.
- Influence of emerging market trends and new market entrants.
