As of 2024, the supply of dried apples in Canada forecasted to begin at 1.93 thousand metric tons, showing modest growth year-on-year through 2028, peaking at 2.0 thousand metric tons. The forecast illustrates a consistent yearly increase of around 1% across the period from 2024 to 2028. In 2023, the supply stood slightly below 1.93 thousand metric tons. The compound annual growth rate (CAGR) over the five-year period is projected at approximately 0.7%, indicating steady yet slow expansion in the market.
Future trends to watch for:
- Technological advancements in drying processes which may impact supply capacity.
- Shifting consumer preferences towards dried fruit as a snack alternative.
- Possible changes in international trade agreements affecting import-export dynamics.