The forecast for the sales of fish eggs and live fish for grow-out in Canada indicates a consistent annual decline from 2024 through 2028. In 2024, sales are valued at 16.13 million CAD, gradually decreasing to 12.33 million CAD by 2028. This trend reflects a year-on-year decline of roughly 6% during this period. In 2023, sales were higher, but specific figures are not provided. The compound annual growth rate (CAGR) showcases an average reduction of about 6% per year over these five years.
Looking ahead, factors such as advancements in sustainable aquaculture practices, regulatory changes, and shifts in consumer demand for seafood products could impact future sales. Stakeholders should monitor environmental policies and technological innovations as these will play a crucial role in shaping market dynamics.
