In 2023, the gross income from seafood in Canada was approximately 1.30 billion Canadian dollars. For the 2024-2028 forecast period, a steady growth is projected with the gross income reaching 1.46 billion by 2028. The year-on-year increase measures an average of about 2.2%, demonstrating consistent market expansion. The expected compound annual growth rate (CAGR) over these five years is around 2.32%, indicating a healthy upward trend.

Future trends to watch for:

Changing consumer preferences toward sustainable seafood could impact demand.
Regulatory changes in fishing practices and quotas could influence supply and pricing.
Technological advancements in aquaculture might enhance production efficiency.