The Canadian tea market is predicted to experience a steady increase in consumption from 2024 to 2028. The projected figures indicate a gradual year-on-year growth rate of approximately 0.7% to 0.8%. This moderate growth reflects a continuing trend of rising tea popularization seen over the past years. In 2023, actual tea consumption was reported, setting the baseline for these projections, but its specific value isn't provided here.
Future trends to watch include:
- An increasing consumer interest in health and wellness could drive further growth in green and herbal tea varieties.
- Emerging trends in specialty and premium teas could also contribute to volume increases as consumers seek quality experiences.
- Innovations in tea-based beverages might attract younger demographics, further boosting consumption.
- Environmental and ethical considerations could influence consumer preferences, affecting market dynamics.