The household expenditure on fresh herbs in Canada was CAD 21.98 in 2023. Forecast data suggests a steady increase in spending, with a gradual rise from CAD 22.73 in 2024 to CAD 25.47 by 2028. Year-on-year growth remains consistent at around 3% to 3.5%, and the compounded annual growth rate (CAGR) from 2024 to 2028 is expected to be approximately 3.95%.
Future trends to watch for:
- Growing consumer interest in healthy, organic, and locally sourced foods.
- Potential impacts of climate change on herb production and supply chain dynamics.
- Increased urbanization and the rise of indoor and vertical farming techniques.
- Potential economic factors affecting household expenditure power, like inflation and disposable income fluctuations.
