In 2023, household expenditure on meat in Canada was approximately 1.56 thousand Canadian dollars. From 2024 to 2028, expenditures are forecasted to increase gradually, reaching 1.72 thousand Canadian dollars by 2028. This consistent rise illustrates a stable upward trend in meat expenditure, with an average annual growth rate of approximately 2%. The year-on-year increase reflects a steady demand for meat products among Canadian households.
Future trends to watch for include:
- Potential shifts in consumer preferences toward alternative protein sources, driven by health and environmental concerns.
- Inflationary pressures affecting meat prices, impacting household spending power.
- Policy changes related to food and agriculture that could influence market dynamics.
