The Canadian household expenditure on pizza (except frozen) is projected to remain stable at CAD 4.9 billion from 2024 to 2026, followed by a slight decline to CAD 4.8 billion for 2027 and 2028. With no available data for 2023 in this context, the forecast shows zero growth from 2024-2026 and a 2% decline in 2027. The compounded annual growth rate (CAGR) for 2024-2028 indicates 0% growth overall.
Future trends to watch for include:
- Potential shifts in consumer preferences towards healthier or local food options impacting pizza consumption.
- Increase in digital and take-out food delivery services that may influence pizza expenditure patterns.
- Economic factors such as inflation rates and consumer income levels could alter spending on non-essential food items.
