The freshwater fish market in Canada has shown varied growth patterns from 2014 to 2023. The market saw significant annual fluctuations, with notable growth in 2015 (6.55%) and a marked decline in 2020 (-16.55%). However, the most recent two years exhibit stabilization, with a moderate increase in 2022 (5.8%) and a minimal growth rate of 0.5% in 2023. The market in 2023 stood at 200.75 thousand metric tons in volume. Over the past five years, the Compound Annual Growth Rate (CAGR) was 0.49%.
Future forecasts predict a steady increase, with the market expected to grow at a CAGR of 0.42% over the next five years, leading to a total growth rate of approximately 2.1% by 2028. Key factors influencing future trends include advancements in sustainable aquaculture practices, shifts in consumer preferences toward environmentally friendly products, and potential regulatory changes supporting the freshwater fish market.
