Forecast: Sales of Frozen Food in Non-Store Retailing in Canada

The sales data of frozen food in non-store retailing in Canada shows a dynamic growth trajectory over the past decade. Starting from CA$80.33 million in 2013, the sales increased substantially to CA$266.74 million by 2023. The actual growth experienced notable surges in certain years, especially in 2016 with a year-on-year increase of 61.61%. However, growth rates stabilized around 4-6% year-on-year from 2020 onwards. The average annual growth (CAGR) from 2018 to 2023 stood at 4.41%. Forecasts predict continued growth, reaching CA$313.81 million by 2028, with a 5-year CAGR of 2.54%, indicating a more matured market.

Future trends to watch for:

- Increased consumer preference for online grocery shopping, further driven by convenience and ongoing digital advancements.- Expansion in variety and quality of frozen food options, catering to diverse dietary preferences and health-conscious consumers.- Potential impacts of inflation and economic fluctuations on consumer purchasing power and spending habits.- Expansion in logistics and cold chain infrastructure enhancing the efficiency and reliability of non-store retailing.