As of 2023, household expenditure on dried or other preserved fruit in Canada stood at a lower level compared to the forecasted data starting from 2024. The projected expenditures reveal a consistent upward trend, increasing yearly from CAD 33.1 in 2024 to CAD 36.23 in 2028.
- Year-on-year growth rate is projected as follows: 2024 to 2025, 2.44%; 2025 to 2026, 2.3%; 2026 to 2027, 2.25%; 2027 to 2028, 2.14%.
- The compounded annual growth rate (CAGR) from 2024 to 2028 is projected at approximately 2.38%.
Future trends to watch for include shifts in consumer preferences towards health-conscious and natural food options, potential impacts of economic conditions on household spending, and changes in fruit sourcing and prices due to environmental factors. Monitoring these will be crucial for understanding the expenditure landscape on dried fruits.
