The output of beverages in Canada has experienced a steady increase from 2013 to 2023, achieving a value of 15.7 billion Canadian dollars in 2023. Observing the year-on-year variations over the last two years, there was a 2.08% increase in 2022 and a 2.01% increase in 2023. The average variation per year over the past five years (CAGR) from 2018 to 2023 was 2.3%, indicating a stable growth trend.

For future forecasts from 2024 to 2028, the five-year CAGR is anticipated to be 1.44%, with an overall growth rate of 7.4%. This suggests a modest but continuous expansion in beverage output in Canada.

Future trends to watch for include:

Evolution in consumer preferences towards healthier and sustainable beverage options.
Technological advancements in production and packaging.
Potential impacts of regulatory changes and trade policies on the beverage industry.