Total volume sales of Canadian ciders, coolers, and other refreshment beverages in 2023 stood at 383.00 million liters. By 2024, this figure is forecasted to reach 438.46 million liters, reflecting a 14.47% increase from the previous year. The volume is projected to grow annually, reaching 493.63 million liters in 2025 (+12.58%), 548.25 million liters in 2026 (+11.06%), 602.33 million liters in 2027 (+9.86%), and 655.87 million liters in 2028 (+8.89%).
Over the last two years, the year-on-year growth rates were 12.58% and 11.06%, respectively. The Compound Annual Growth Rate (CAGR) from 2023 to 2028 is estimated at 11.29%, highlighting sustained expansion in this market.
Future trends to watch for:
- Continuous innovation and niche product developments, particularly in flavors and health-oriented options.
- Rising consumer preference for low-alcohol and zero-sugar beverages.
- Increased investments in marketing and distribution channels aiming for wider accessibility.