Household expenditure on fresh fruit in Canada has shown a consistent upward trend over the forecasted period from 2024 to 2028, starting at 677 CAD in 2024 and reaching 730 CAD in 2028. This steady increase reflects a growing preference for fresh and healthy food choices among Canadian households. In 2023, expenditure on fresh fruit stood at 662 CAD, indicating a year-on-year increase of 2.26% from 2023 to 2024. The average increase per year over the last five years, represented by the CAGR, is approximately 2.47%.
Future trends to watch for include the potential impact of economic factors such as inflation, changes in disposable income, and potential shifts in consumer preferences towards locally-sourced or organic fresh fruits. Additionally, environmental factors and trade policies may influence the availability and price of fresh fruit in the Canadian market.
