The forecast indicates a declining trend in sweet potato market volume in Canada from 2024 to 2028. Specifically, the market volume is projected to decrease from 26.0 thousand metric tons in 2024 to 20.0 thousand metric tons in 2028.
- 2024-2025: -7.69%
- 2025-2026: -4.17%
- 2026-2027: -8.70%
- 2027-2028: -4.76%
The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is approximately -6.37%.
Factors like changing consumer preferences towards alternative carbs, production challenges, and competition from other regions may contribute to the declining trend. Increased focus on sustainable farming practices and the introduction of new sweet potato varieties could potentially stabilize or revive market growth.
