In 2023, sales of ciders, coolers, and other refreshment beverages in Canada stood at 2.5 billion Canadian dollars. The forecast for 2024 predicts this figure will rise to 2.7745 billion, showing a year-on-year increase of approximately 11%. The trend continues with a steady increase each year, reaching 4.0886 billion by 2028. The five-year compound annual growth rate (CAGR) is projected to be about 10.14%. These numbers indicate a robust growth trajectory.
Key future trends to watch include consumer preferences shifting towards healthier options and an increase in artisanal and craft beverage offerings. Additionally, innovations in flavors and packaging could drive further market expansion.
