From 2014 to 2023, Canadian rosé wine sales grew from CAD 52.51 million to CAD 97.83 million. The year-on-year growth has shown significant variations, with notable spikes such as the 26.53% increase in 2021. The sales value in 2023, CAD 97.83 million, represents an 11.14% year-on-year increase and a CAGR of 10.38% over the last five years.
Looking forward, the forecast data suggest continued growth with projected sales of CAD 139.91 million by 2028. The forecast 5-year CAGR is 5.63%, reflecting a 31.47% total growth rate from 2024 to 2028.
Future trends to watch for include:
- Implementation of advanced marketing strategies.
- Changing consumer preferences towards premium rosé wines.
- Increased influence of health consciousness driving moderate consumption.
- Potential impacts of economic factors on disposable income and spending behavior.