As of 2023, household expenditure on seafood in Canada was recorded at $285.2 CAD. The forecast from 2024 to 2028 shows a consistent upward trend, with projected values increasing annually from $292.3 CAD in 2024 to $315.6 CAD by 2028. Year-on-year, expenditure growth rates are stable, averaging around 2-3%. The compound annual growth rate (CAGR) over these five years is approximately 2.5%, indicating a moderate and steady rise in consumer spending on seafood.

Future trends to watch for:

Increased consumer awareness about health benefits may drive further demand.
Potential shifts in consumer preferences towards sustainable seafood options.
Economic factors and pricing fluctuations impacting affordability and accessibility.
Technological advancements in aquaculture and seafood distribution potentially influencing the market.