The import of mineral and aerated waters to Canada is projected to increase steadily from 2024 to 2028, growing from 968.18 million USD in 2024 to 1054.3 million USD in 2028. Compared to 2023, this indicates a consistent upward trend, suggesting a growing demand or reliance on imported mineral and aerated waters.
Year-on-year variations:
- 2024-2025: An increase of approximately 2.3%
- 2025-2026: An increase of approximately 2.2%
- 2026-2027: An increase of approximately 2.1%
- 2027-2028: An increase of approximately 2.0%
5-year CAGR: The compound annual growth rate over the five-year forecast period is approximately 2.15%, highlighting a stable growth trajectory.
Future trends to watch for: Key trends to monitor include shifts in consumer preferences towards healthier hydration options, increased environmental concerns over packaging, and potential impacts of regulations affecting imports. The impact of local production against imports may also influence future figures, determining whether this trend of increasing imports will sustain or adapt. Further technological advancements in bottling and processing could affect demand dynamics.
