In 2023, Canadian household expenditure on soft drinks was CAD 17.01 billion. From 2024 to 2028, it is forecasted to grow steadily with a Compound Annual Growth Rate (CAGR) of approximately 4.2%. Year-on-year growth rates show an increase of around 6.7% from 2024 to 2025, 6.2% from 2025 to 2026, 5.7% from 2026 to 2027, and 5.4% from 2027 to 2028. This upward trend indicates a strong consumer demand and perhaps increased price levels for soft drinks in Canada.
Future trends to watch for include the potential impact of health-conscious consumer movements on soft drink expenditure, the influence of inflation on pricing strategies, and innovations in beverage products that could shift consumer preferences and overall expenditure patterns.
