In 2023, the production of Highbush blueberries in Canada was valued at CAD 195 million. From there, the projected increase in production value depicts a steady growth trend: 201.49 million in 2024, seeing incremental rises to 224.3 million by 2028. This shows a consistent year-on-year growth, approximately 2.88% over this forecast period. Over the five-year span, the average CAGR is projected at around 2.85%, indicating a stable expansion in the industry influenced by rising demand and improved farming techniques.
Future trends to watch for include potential shifts in consumer preferences towards healthier foods, technological advancements in agriculture, and any impacts of climate change on crop yields. Moreover, international trade policies and currency fluctuations could also impact future valuations.
