From 2014 to 2023, the demand for freshwater fish in Canada has seen fluctuations, peaking at 200.75 Thousand Metric Tons in 2023. Significant annual changes occurred, notably a 6.55% increase in 2015 and a 15.05% rise in 2021, juxtaposed by a sharp 16.55% decline in 2020. Over the last two years, demand increased modestly by 0.5% annually, with an overall Compound Annual Growth Rate (CAGR) of 0.49% from 2019 to 2023.
Looking ahead, the forecasted data from 2024 to 2028 suggests a steady growth trajectory, with a 5-year forecast CAGR of 0.42% and cumulative growth of 2.1%. Future trends to monitor include potential impacts from environmental regulations, sustainable fishing practices, and changing consumer preferences towards locally sourced and environmentally friendly products.
