In 2023, seafood product preparation and packaging opening inventories in Canada stood at 572.80 million Canadian Dollars. Forecasted values show a steady increase: 583.65 million in 2024, 595.66 million in 2025, 607.56 million in 2026, 619.33 million in 2027, and 630.99 million in 2028. Year-on-year variations from 2024 to 2025 is approximately 2.06%, from 2025 to 2026 is 2.00%, from 2026 to 2027 is 1.94%, and from 2027 to 2028 is 1.88%. The CAGR over the last five years (2024-2028) is about 1.96%.
Future trends to watch include potential impacts from environmental regulations on seafood sourcing, technological advancements in packaging, and shifts in consumer preferences towards sustainable and traceable seafood products. Monitoring trade policies and market dynamics influenced by international demand will also be crucial.