In 2023, beer sales in Canada stood at 9.1511 billion Canadian Dollars. The forecasted data indicates a gradual increase in sales from 9.1771 billion in 2024 to 9.2782 billion in 2028. The year-on-year variation from 2023 to 2024 is an increase of approximately 0.28%. From 2024 to 2025, there's a rise of about 0.28%, followed by annual increases of approximately 0.27% each year until 2028. The Compound Annual Growth Rate (CAGR) over these five years is roughly 0.27%.
Future trends to watch for include the potential impact of changing consumer preferences towards craft and premium beers, as well as the effects of health and wellness trends that may drive demand for low-alcohol and non-alcoholic beer options. Additionally, market dynamics such as pricing strategies, marketing campaigns, and legal regulations could also influence sales trajectories.
