In 2023, the Grapes Market Size Volume in Canada stood at 315.0 thousand metric tons. Historical data indicates varied year-on-year growth, with notable fluctuations such as a 4.98% increase in 2017 and a -1.9% decline in 2018. However, recent years have shown steadier growth, averaging around 0.32% annually between 2019 and 2023. The five-year Compound Annual Growth Rate (CAGR) leading up to 2023 was 0.32%.
Looking ahead, the market is forecasted to grow at a slower pace with a five-year CAGR of 0.19%, reaching 319.0 thousand metric tons by 2028. This suggests a cumulative growth of approximately 0.95% over this period.
Future trends to watch for in the Canadian grapes market include potential impacts of climate change on yield, shifts in consumer preferences towards organic produce, and the influence of technological advancements in agriculture affecting supply consistency and cost factors.
