In 2023, the breweries revenue in Canada stood at 6.783 billion Canadian Dollars. The forecast from 2024 to 2028 shows a consistent upward trend, with annual revenue expected to increase from 6.8799 billion to 7.2649 billion Canadian Dollars. Specifically, year-on-year growth rates show an average increase of approximately 1.42% each year, reflecting stable growth in the industry. Over the five-year period, the Compound Annual Growth Rate (CAGR) is estimated around 1.40%.
Future trends to watch for include the increasing popularity of craft and local brews, the development of non-alcoholic beverages, and the integration of sustainability practices in production. Monitoring changes in consumer preferences and regulatory developments will also be crucial for forecasting future revenue trends.