In 2023, Canadian wine sales registered a value of 2.6316 Billion Canadian Dollars. Forecasts for Canadian wine sales demonstrate a steady upward trend from 2024 onwards, reaching 2.7033 Billion CAD in 2024 and projected to attain 2.995 Billion CAD by 2028.
Year-on-year variations highlight a consistent growth rate, with sales increasing as follows:
- 2024: +2.72%
- 2025: +2.74%
- 2026: +2.64%
- 2027: +2.54%
- 2028: +2.45%
Over the five-year period from 2024 to 2028, the Compound Annual Growth Rate (CAGR) is anticipated to be 2.63%.
Future trends to watch for include the impact of changing consumer preferences towards premium and local products, technological advancements in production, and emerging sustainability practices within the Canadian wine industry.
