Household expenditure on lettuce in Canada has shown a consistent upward trend over the past decade. In 2023, the expenditure stood at 54 Canadian Dollars. Observing year-on-year variation, the highest growth was experienced in 2019 at 10.87%, followed by a near stabilization in 2020. Over the last two years, the variation was approximately 1.89% in 2023, reflecting a steady growth post-pandemic. The five-year compound annual growth rate (CAGR) up to 2023 was 3.26%. Looking ahead from 2024 to 2028, the forecasted growth continues but at a slower pace with a five-year CAGR of 1.41% and an overall growth rate of 7.27%.
Future trends to watch for:
- Potential impacts of rising prices of fresh produce due to inflation or supply chain disruptions.
- Shifts in consumer preferences towards organic or local produce, possibly affecting expenditure patterns on lettuce.
- Economic factors influencing disposable income and consequently, household spending on fresh vegetables.
- Health trends promoting increased consumption of fresh vegetables potentially driving higher expenditure.
