The forecast indicates a gradual decline in beer sales per capita in Canada from 2024 to 2028, decreasing from CAD 279.4 to CAD 275.4. In 2023, the actual figure stood at CAD 280.5. The projected year-on-year decreases average around 0.5%, demonstrating a consistent yet slight downward trend. The compound annual growth rate (CAGR) over the five-year forecasted period will likely reflect this decline.
Future trends to watch for include:
- Changing consumer preferences toward craft and premium beers.
- Health-conscious shifts and increasing popularity of non-alcoholic alternatives.
- Impact of economic factors and potential regulatory changes affecting alcohol consumption and pricing.