The consumption of freshwater fish in Canada has shown significant fluctuations over the past decade. In 2023, the consumption stood at 38.54 thousand metric tons, showing a marginal decline of 0.18% from the previous year. The data reveals a mixed trend with periods of both growth and decline. The trend from 2018 to 2020 indicated a steep drop in consumption, followed by recovery post-2020.
Year-on-year analysis over the last two years shows an increase from 32.02 thousand metric tons in 2021 to 38.61 thousand metric tons in 2022, a 20.58% rise, followed by a slight decline in 2023. The five-year CAGR leading to 2023 was -0.92%, indicating an overall slight decline over this period.
Forecasts from 2024 to 2028 suggest a positive growth trajectory, with a forecasted CAGR of 1.65%. By 2028, consumption is anticipated to reach 42.74 thousand metric tons, marking an 8.5% growth from 2023.
Future Trends to Watch For:
- Sustainable and eco-friendly fishing practices that might influence consumer preferences
- Health trends and dietary shifts towards increased fish consumption
- Technological advancements in aquaculture boosting production efficiency
- Potential impacts of climate change on freshwater fish availability
- Regulatory changes affecting the fishing industry and market supply
