In 2023, household expenditure on margarine, oils, and fats in Canada was recorded at CAD 74.03. The forecast from 2024 to 2028 indicates a steady increase, reaching CAD 76.76 by 2028.
Year-on-year growth rates show consistent increments:
- 0.75% from 2024 to 2025
- 0.73% from 2025 to 2026
- 0.71% from 2026 to 2027
- 0.69% from 2027 to 2028
The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 0.72%, indicating a moderate but steady growth trend. This suggests sustained consumer preference and possible price adjustments or economic factors influencing these expenditures.
Future trends to watch involve shifts in dietary preferences that may affect demand. Additionally, economic conditions, health trends, and price fluctuations in oils and fats markets might impact future expenditure patterns.
