In 2023, household expenditure on pork in Canada was measured at 150 Canadian Dollars. Utilizing the forecast data, an upward trend is observed, with expectations for expenditures to rise steadily each year from 2024 to 2028. The year-on-year percentage increases are as follows: 2024 - 1.6%, 2025 - 1.5%, 2026 - 1.46%, 2027 - 1.4%, and 2028 - 1.37%. Over these five years, the compound annual growth rate (CAGR) is approximately 1.46%.
Future trends to watch for:
- Potential dietary shifts may affect pork consumption patterns over time.
- Inflation and economic factors could impact spending power and alter this trend.
- Environmental and ethical concerns might drive changes in consumer habits.