In 2023, imported light beer sales in Canada stood at $30.70 million. From 2024 onward, the forecasted data shows a consistent year-on-year decline: -2.8% from 2023 to 2024, another -2.7% in 2025, followed by declines of -2.7% in 2026, -2.8% in 2027, and -2.8% in 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is -2.8%, indicating a steady decrease in sales over the 5-year period.
Future trends to watch for:
- Changes in consumer preferences towards local or craft beers.
- Economic factors impacting disposable income and luxury purchases.
- Health trends affecting alcohol consumption, particularly light beer.
- Potential new import regulations or trade agreements.
