As of 2023, household expenditure on frozen side dishes and other frozen prepared food in Canada stands at CAD 32.2 billion. Projections indicate a steady growth trajectory from 2024 to 2028, increasing from CAD 32.9 billion in 2024 to CAD 36.4 billion in 2028. This corresponds to a consistent year-on-year growth of approximately 2.7%.
- 2024: 2.2% increase from 2023
- 2025: 2.7% increase from 2024
- 2026: 2.7% increase from 2025
- 2027: 2.6% increase from 2026
- 2028: 2.2% increase from 2027
This compound annual growth rate (CAGR) of approximately 2.5% over the forecasted period demonstrates a healthy demand in this market segment.
Future trends to watch include evolving consumer preferences for convenience and nutrition, which may drive innovation in product offerings. Additionally, sustainability and eco-friendly packaging trends may influence purchasing decisions in the frozen food aisle.
