In 2023, the cranberries production in Canada was valued at 168.54 million Canadian Dollars. Forecasts from 2024 to 2028 indicate a steady growth, with a value reaching 187.67 million Canadian Dollars by 2028. The year-on-year growth rates are approximately 2.89% for 2025, 2.77% for 2026, 2.68% for 2027, and 2.58% for 2028. The compound annual growth rate (CAGR) over this 5-year period stands at approximately 2.73%, reflecting a consistent upward trend.
Future trends to watch for:
- Industry innovations in sustainable farming practices can enhance productivity.
- Changing consumer preferences towards organic and health-focused products may drive market demand.
- Potential impacts from climate change could alter production patterns and require adaptive strategies.
