In 2023, the value added of fruit and vegetable preserving and specialty food manufacturing in Canada stood at approximately 4.1 billion Canadian dollars. From 2024 to 2028, the forecasted values indicate a steady annual growth with a compound annual growth rate (CAGR) of around 3.5%. The year-on-year increase remains consistent, showcasing a strengthening industry.
Future trends to watch for:
- Increased consumer demand for organic and locally-sourced specialty foods could drive further growth.
- Technological advancements in food preservation and manufacturing processes may enhance efficiency and product variety.
- Potential impacts of trade agreements and regulatory changes on export markets and domestic production.
