In 2023, tomato juice consumption per capita in Canada was recorded at 0.3 liters. From 2024 to 2028, consumption is forecasted to decrease steadily, from 0.26 liters to 0.03 liters. This represents a significant downward trend. Year-on-year, consumption declines at an average rate of 34% annually over these years. The Compound Annual Growth Rate (CAGR) for the forecasted period from 2024 to 2028 is -38%.
Future trends to watch for include:
- Increasing consumer preference for fresh and health-oriented beverages.
- Growing interest in alternative plant-based drinks.
- Impact of environmental and sustainability concerns on packaging and production practices.