Sales of Ciders, Coolers, and Other Refreshment Beverages in Canada have shown robust growth. From 2013 to 2023, the volume increased from 113.49 million liters to 432.3 million liters, with significant year-on-year variations peaking at 39.47% in 2021. Notable jumps occurred between 2020 and 2021 (15.57% to 39.47%) and 2022 to 2023 (11.92% to 16.88%). The CAGR over the last five years stands at 19.06%, indicating strong market expansion.
Future trends to watch for:
- Growing consumer preference for low-alcohol and health-conscious beverage options.
- Increasing investments and innovation in flavors and packaging to capture market segments.
- Expansion of distribution channels through partnerships with retail and e-commerce platforms.
- The forecasted CAGR for 2024-2028 is 7.89%, with a predicted growth of 46.2% over these five years.
