Forecast: Sales of Perishable Prepared Foods in Non-Store Retailing in Canada

The sales of perishable prepared foods in non-store retailing in Canada have shown variability over the past decade. From 2013 to 2016, sales experienced significant growth, peaking in 2016. Following a dip in 2017, there was a steady increase until 2023, where sales stood at 47.5 million CAD. The last two years showed modest year-on-year growth of 0.65% in 2022 and 2.54% in 2023. The 5-year compound annual growth rate (CAGR) leading up to 2023 was 2.8%. Looking forward, the forecasted CAGR from 2024 to 2028 is 1.74%, indicating more conservative growth, with an overall growth rate of 8.99% over the next five years.

Future trends to watch for include:

- The impact of technological advancements on non-store retailing.

- Changes in consumer preferences for convenience and health-oriented perishable foods.

- Potential market disruptions from economic factors or supply chain issues.