Over the historical data range, household expenditure on frozen yogurt in Canada has consistently declined from 2013 to 2023, moving from 5 CAD to 1 CAD, representing a significant downward trend. The year-on-year variations indicate initial volatility with declines and minor increases, particularly a sharp 50% drop in 2023 compared to 2022. The compound annual growth rate (CAGR) between these years is -12.94%. Projected values from 2024 to 2028 forecast a continued decline, with a 5-year CAGR of -13.26% and an overall decrease of 50.89%.
Future trends to watch for:
- Changing consumer preferences away from frozen yogurt.
- Increased competition from other frozen dessert options.
- Potential impact of health trends promoting lower sugar intake.
- Economic factors influencing discretionary spending on non-essential goods.
