The import of sweetened or flavored beverage waters to Canada is forecasted to steadily increase from $343.71 million in 2024 to $365.91 million in 2028. This suggests a consistent upward trend with year-on-year growth rates averaging around 1.6%. However, precise variations from 2023 are lacking, which limits the thoroughness of the analysis over the recent past. The compound annual growth rate (CAGR) for these five years can be anticipated to be modest.
Future trends to watch for include:
- Shifts in consumer preferences towards healthier beverage options which may impact sweetened formulations.
- Potential trade policies and tariffs influencing import volumes and costs.
- Innovation in beverage ingredients and packaging technologies.