Forecast: Fresh Avocados Consumption in Canada

The consumption of fresh avocados in Canada has shown significant growth from 2013 to 2023, peaking at 102.78 thousand metric tons in 2021. Recent years have displayed volatilities, notably a dip in 2022 followed by a mild recovery in 2023 with a 6.41% year-on-year increase. The compound annual growth rate (CAGR) has slowed notably from 18% in 2013 to just 2.15% by 2023.

Future consumption trends forecast a slight decline, with expected drops leading to a -0.37% CAGR by 2028. Over the next five years, growth is predicted to decrease by an average rate of -1.84% annually.

Future trends to watch for include:

  • Potential changes in avocado prices and supply due to global market fluctuations.
  • Shifts in consumer preferences towards plant-based diets that may impact overall demand.
  • Impact of climate change on avocado production affecting availability and cost.

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