Forecast: Coffee Market Size Volume in Canada

The coffee market in Canada has shown fluctuations from 2014 to 2023, with the volume standing at 253.0 Thousand Metric Tons in 2023. The period experienced varied year-on-year changes, peaking in 2016 with a 1.13% increase and declining significantly in 2020 by -5.37%. Over the past two years, the market showed a minor annual decrease of -0.39%. The five-year CAGR ending in 2023 indicates a subtle decline of -0.16% annually. The projected data from 2024 to 2028 suggests a continuing downward trend with a forecasted five-year CAGR of -0.22%, leading to a total reduction of -1.1% by 2028.

Future trends to watch for:

• Consumer preferences shifting towards specialty and premium coffee products.

• Growing interest in sustainable and ethically sourced coffee.

• The impact of possible economic shifts on consumer spending and preferences.

Top Countries about FMCG