The forecast for shellfish production in Canada shows a consistent increase from 2024 to 2028, with annual production values ranging from approximately 78.38 to 79.42 thousand metric tons. Compared to the 2023 baseline, projections suggest modest growth year-on-year, reflecting a stable demand and production capacity in the sector. Over the five-year horizon, the compound annual growth rate (CAGR) indicates a slight upward trend, emphasizing incremental but steady expansion in the shellfish industry.
Future trends to watch for include:
- Potential impacts of climate change on shellfish habitats.
- Advancements in aquaculture technology enhancing productivity.
- Changes in trade policies affecting import and export dynamics.
- Increased consumer demand for sustainable and locally-sourced seafood options.
