Household expenditure on mussels in Canada is forecasted to increase gradually from 2024 to 2028. In 2023, the actual expenditure stood at a certain baseline, and the forecast shows a progressive increase each year. From 2024 to 2025, there is an approximate year-on-year increase of 3.5%. The trend continues with a similar annual growth rate through 2028. The compound annual growth rate (CAGR) reveals a steady increase of around 3.6% over the five-year span.
Future trends to watch for include:
- Sustainability and eco-friendly sourcing impacting consumer choices.
- Potential shifts in consumer preferences affecting expenditure patterns.
- Fluctuations in global mussel supply affecting Canadian market prices.
