Forecast: Household Expenditure on Crab in Canada

The household expenditure on crab in Canada is forecasted to steadily increase from 2024 to 2028, with values rising from CAD 11.4 to CAD 12.6. In 2023, the actual expenditure stood at CAD 11.1. The year-on-year percentage growth reflects a consistent upward trend, averaging a Compound Annual Growth Rate (CAGR) of approximately 2.6% over the five-year period. This indicates a stable increase in consumer spending on crab.

Future trends to watch for:

  • Potential impacts of climate change on crab supplies, influencing prices and expenditure.
  • Changes in consumer preferences towards sustainable seafood options could further affect trends.
  • Economic factors like inflation and household income levels might impact the spending capacity on luxury food items like crab.

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