The forecast of household expenditure on potato products in Canada shows a steady increase from 2024 to 2028, reflecting moderate year-on-year variations: 3.4% from 2024 to 2025, 0% from 2025 to 2026, 3.3% from 2026 to 2027, and 3.2% from 2027 to 2028. Assuming 2023 stood at $28 in Canadian Dollars, the compound annual growth rate (CAGR) over this five-year period is approximately 2.7%. This indicates a consistent upward trend, driven by stable consumer demand.
Future trends to watch for include potential dietary shifts towards healthier food options, which may impact the growth rate of processed potato products. Additionally, inflationary pressures could alter consumer purchasing power and preferences, potentially affecting the overall expenditure on these products.
