In 2023, household expenditure on beans in Canada stood at CAD 24. The forecast from 2024 to 2028 shows a gradual increase, reaching CAD 28 by 2028. This demonstrates a year-on-year growth trend with values rising steadily by CAD 1 every two years. From 2023 to 2028, this results in a Compound Annual Growth Rate (CAGR) of approximately 3.15%. The variations for years without an explicit increase suggest stability in consumer spending patterns.
Future trends to watch for include potential shifts in consumer preferences towards plant-based diets and any economic factors that might influence household spending behaviors, such as inflation or changes in agricultural policies.
