In 2023, the per capita consumption of fresh and frozen sea fish in Canada was 4.30 kilograms. Forecasted data from 2024 onward indicates a steady, albeit slow, increase in consumption. Specifically, a year-on-year growth of approximately 1.6% in 2025, 1.1% in 2026, 0.9% in 2027, and 0.9% in 2028 is expected. Observing these forecasts, the compound annual growth rate (CAGR) over the five-year span from 2024 to 2028 is approximately 1.2%.
Future trends to watch for:
- Rising consumer interest in health and sustainability might spur demand for seafood.
- Price fluctuations and economic factors could directly influence these trends.
- Growing environmental concerns and regulatory changes may impact supply chains.
