The fresh peppers supply in Canada is forecasted to increase steadily from 2024 to 2028. Starting at 382.71 thousand metric tons in 2024, the supply is expected to reach 408.81 thousand metric tons by 2028. The supply was registered at a similar level in 2023, setting the baseline for these projections.
The year-on-year growth rates are expected to maintain a stable pattern, signifying consistent market demand and production capacity. Notably, the compound annual growth rate (CAGR) over this five-year period suggests an average annual increase of 1.66%.
Future trends to watch for include changes in consumer preferences towards fresh produce, advancements in agricultural technology, and potential shifts in trade policies affecting import and export dynamics in the Canadian market.
