The imported beverages market in Canada is forecasted to decrease from 595.54 million liters in 2024 to 432.58 million liters in 2028. Year-on-year variations show a consistent decline: 6.95% from 2024 to 2025, 7.38% from 2025 to 2026, 7.9% from 2026 to 2027, and 8.49% from 2027 to 2028. The compound annual growth rate (CAGR) over this period is -7.81%, indicating a significant downward trend. In 2023, the volume stood slightly higher than 595.54 million liters, suggesting an accelerated decline starting in 2024.
Future trends to monitor include:
- Shifts in consumer preferences towards local products.
- Impact of economic conditions on import demand.
- Potential policy changes affecting import tariffs or regulations.
- Environmental impacts influencing beverage packaging and sourcing.
