In 2023, the supply of apple juice in Canada stood at 204.90 thousand metric tons. Forecasts for 2024 to 2028 show a steady annual increase in supply, reaching 205.85 thousand metric tons in 2028. The year-on-year growth is minimal, ranging between 0.10% to 0.08%. The compound annual growth rate (CAGR) over the next five years is approximately 0.09%, indicating a relatively stable market with very slight positive growth.
Future trends to watch for:
- Potential impact of climate change on apple yield and juice production.
- Shifts in consumer preferences towards organic or locally produced apple juice.
- Advancements in production technology that might improve yield or reduce costs.
- Global trade policies affecting apple juice imports and exports, influencing the supply.