Based on the forecasted value-added data for seafood in Canada, we observe a steady increase from 2024 to 2028. In 2023, the value stood at 2.75 Billion Canadian Dollars. The year-on-year growth percentages are notable: from 2024 to 2025, there's a 3.85% increase; from 2025 to 2026, a 3.70% rise; from 2026 to 2027, a 3.25% increase; and from 2027 to 2028, a 3.46% growth. Over the last two years, the growth percentage from 2026 to 2028 averages 3.35%. The compound annual growth rate (CAGR) over the five-year forecast period (2024-2028) stands at approximately 3.56%.

Future trends to watch for:

• Technological advancements in seafood processing and value addition.
• Impact of regulatory changes on fishing quotas and sustainable practices.
• Consumer trends shifting towards sustainable and ethically sourced seafood.
• Global trade policies affecting Canadian seafood exports.
• Potential impacts of climate change on seafood supply and costs.