In 2023, household expenditure on artificial sweeteners in Canada stood at CAD 9.0. From 2024 onwards, the forecasted data shows a consistent year-on-year increase: CAD 9.4 in 2024, CAD 9.8 in 2025, CAD 10.1 in 2026, CAD 10.4 in 2027, and CAD 10.7 in 2028. The year-on-year variations are as follows:
- 2024: 4.4%
- 2025: 4.3%
- 2026: 3.1%
- 2027: 3.0%
- 2028: 2.9%
The compound annual growth rate (CAGR) over the five years from 2023 to 2028 is 3.5%. This illustrates a steady, moderate rise in household expenditure on artificial sweeteners during this forecast period.
Future trends to watch for include potential shifts in consumer preferences towards natural sweeteners, regulatory changes, and innovations in sweetener technology, all of which could impact future spending patterns significantly.
