In 2023, sales per capita for ciders, coolers, and other refreshment beverages in Canada were 76.5 CAD. The forecast from 2024 to 2028 shows a consistent positive trend, with values projected to rise from 85.6 CAD in 2024 to 125.9 CAD in 2028.
The year-on-year growth rate accelerates from approximately 11.8% in 2025 to 8.6% by 2028. The compound annual growth rate (CAGR) for the period from 2024 to 2028 is expected to be 10.1%, indicating a robust growth trajectory.
Future trends to watch for:
- Consumer preference shifts towards healthier and non-alcoholic options.
- Impact of taxation and regulatory changes on the beverage industry.
- Increased market entry of innovative and sustainable beverage products.
