Forecast: Household Expenditure on Grapes in Canada

The household expenditure on grapes in Canada is forecasted to see a steady increase from 2024 to 2028. In 2023, the actual spending was below CAD 68. Over the next five years, projected spending rises from CAD 68 in 2024 to CAD 73 in 2028. The data suggests a gradual year-on-year growth of around 1.5% to 2.0%, with a compound annual growth rate (CAGR) of approximately 1.7% for the period ending in 2028.

Future trends to monitor include:

  • Consumer preference shifts towards healthier snacks, which could boost fruit expenditure.
  • Economic factors such as inflation or income changes that might affect purchasing power.
  • Seasonal variations in grape supply and its impact on prices.

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