The cider market in Canada, valued at approximately $277.97 million in 2024, is predicted to experience a steady decline over the next five years, reaching $257.77 million by 2028. This represents a consistent reduction in market value year-on-year, with an estimated negative CAGR across this period. In 2023, cider sales were established at a slightly higher value than in 2024, indicating a downward trend beginning in recent years.
Future trends to watch for in the Canadian cider market include:
- Increasing consumer preference for low-alcohol and healthier beverage options.
- Potential market innovations and new flavors aimed at revitalizing interest.
- Impact of sustainability efforts and local sourcing on consumer buying behavior.
- Influence of regulatory changes or tax policies on cider pricing and demand.