In 2023, the household expenditure on lobster in Canada was recorded at 3.0 Canadian dollars. The forecasted data from 2024 to 2028 shows a declining trend in consumer spending on lobster, with expenditures dropping from 2.5 in 2024 to 0.8 Canadian dollars by 2028. The year-on-year percentage decrease highlights a consistent fall in expenditure, with a CAGR indicating an overall average annual decline. This suggests a diminishing interest or affordability in lobster consumption among Canadian households.
Future trends to watch for include potential impacts of environmental changes on lobster supply, shifts in consumer dietary preferences, and economic fluctuations that could affect discretionary spending. Monitoring these factors will be crucial for understanding and anticipating changes in consumer behavior towards luxury seafood items.