Canadian seafood output is forecasted to grow from 4.4 billion Canadian Dollars in 2024 to 4.75 billion Canadian Dollars in 2028. The year-on-year growth displays a steady rate, increasing annually by approximately 2% from 2024 to 2028. Compared to 2023, where the value was the same as 2024 at 4.4 billion Canadian Dollars, the growth rate remains moderate but consistent. On average, the CAGR for this five-year forecast period is expected to be around 2%.

Future trends to watch for include:

Impact of climate change on seafood supply chains and harvesting conditions.
Government policies or global agreements affecting fishing quotas and environmental regulations.
Technological advancements in aquaculture improving efficiency and output.
Potential fluctuations in global demand for Canadian seafood exports.