In 2023, Canada's tea consumption per capita stood at approximately 91.44 liters. From 2024 to 2028, forecasts show an almost negligible decline in consumption, with values decreasing marginally by 0.02 liters annually. This depicts a stable market with minimal year-on-year variations, signifying a consistent consumer preference for tea. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) indicates a minor annual reduction, echoing stability rather than volatility in consumption patterns.
Future trends to watch for:
- Potential growth in specialty and organic tea markets.
- The impact of health trends emphasizing tea's benefits.
- Consumer shifts towards sustainable and ethically sourced tea products.
