In 2024, the spirits consumption per capita in Canada stands at 2.11 liters of pure alcohol. This figure is projected to slightly increase year-on-year, reaching 2.12 liters in 2025 and 2026, and further to 2.13 liters in 2027 and 2028. Compared to 2023, the average annual growth rate (CAGR) over the next five years demonstrates a very modest upward trend.
Key trends to observe include:
- A steady but low percentage year-on-year increase in consumption, indicating a gradual growth in spirits consumption.
- Potential impacts of changing consumer preferences towards premium and craft spirits, which might influence both volume and value of consumption.
- Consideration of socio-economic factors such as economic conditions, health trends, and regulatory changes that may disrupt these forecasts.