Between 2013 and 2023, household expenditure on dried soup in Canada showed significant fluctuations. Starting at 12 CAD in 2013, it dropped by 8.33% the following year. By 2017, a substantial increase of 58.33% brought the value to 19 CAD. Continued growth led to a value of 26 CAD in 2023, representing a 4% increase from the previous year. The Compound Annual Growth Rate (CAGR) over the last five years was 4.36%.
Future trends from 2024 to 2028 suggest a slower but consistent growth with a forecasted 5-year CAGR of 2.28%, leading to a projected value of 30.01 CAD by 2028. Watch for changes in consumer preferences and potential shifts toward healthier or alternative food options that could impact dried soup expenditure.
