In 2023, Canadian beer sales were approximately 1.825 billion liters. Looking ahead, the forecasted data for 2024 to 2028 suggests a gradual decline in beer sales volume, with figures expected to decrease from 1.8209 billion liters in 2024 to 1.7943 billion liters in 2028, indicating a consistent downward trend.
The year-on-year variation reflects a slight decrease each year. The compounded annual growth rate (CAGR) over this five-year period is negative, illustrating a steady decline in beer sales.
Future trends to watch include shifting consumer preferences towards craft beers and alternative alcoholic beverages, health-conscious consumption behaviors, and the impact of regulatory changes on the industry landscape. These factors may influence both production and demand dynamics in the coming years.
