In 2023, household expenditure on shrimp and prawns in Canada was recorded at CAD 47.8. Moving forward, the forecast for 2024-2028 indicates a consistent upward trend in expenditure, with values reaching CAD 51.74 by 2028. This represents a steady average annual growth rate (CAGR) of approximately 1.57% over the five-year forecast period. Year-on-year growth is relatively stable, with yearly increases of around 1.65% from 2024 to 2028.

Future trends to watch for:

Potential shifts in consumer preferences towards sustainable seafood, influencing expenditure patterns.
Impact of changes in international trade policies on shrimp and prawn imports costs.
Possible price fluctuations driven by environmental factors affecting supply chains.