The molluscs market in Canada demonstrated notable fluctuations. From 2013 to 2022, sales increased from CAD 76.95M to CAD 117.51M. The CAGR during this period reached 4.56%, with marked volatility in 2020 (-23.32%) due to external economic factors, followed by an impressive recovery in 2021 (38.65%). With a forecasted value of CAD 172.16M by 2028, the projected 5-year CAGR is 4.24%, aligned with a forecasted growth rate of 23.07%.
Future Trends to Watch: Key trends include rising consumer demand for sustainable seafood, innovations in aquaculture, and fluctuating international trade policies. These factors are expected to significantly influence market dynamics in the coming years.
