In 2023, Canadian beverage sales were valued at approximately 15.8 billion Canadian dollars. Forecasts predict a steady growth, with sales expected to reach 18.055 billion by 2028. Year-on-year growth rates from 2024 to 2028 hover around 2.5%, with a compounded annual growth rate (CAGR) of 2.7% over the 5-year forecasted period.
Future trends to watch for include:
- Increased consumer preference for healthy and organic drinks.
- Expansion of non-alcoholic beverage segments.
- Adoption of sustainable packaging solutions.
