The sales of fresh or frozen fillets in Canada stood at 28 million CAD in 2023. From 2024 to 2028, the market is projected to grow from 29.09 million CAD to 31.36 million CAD, showing a steady upward trend.
- Year-on-year growth rates are as follows: - 2024: Increase of approximately 3.89% from 2023 - 2025: Increase of 1.96% from 2024 - 2026: Increase of 1.95% from 2025 - 2027: Increase of 1.85% from 2026 - 2028: Increase of 1.82% from 2027
- Five-year CAGR is estimated at around 2.28%.
The forecast indicates a consistent demand increase, driven by shifting consumer preferences towards healthier food options and sustainable sourcing. Future trends to watch include advancements in freezing technology, changes in consumer awareness regarding sustainability, and potential impacts of climate change on fresh fish supply chains.
