The share of aquaculture in Canada has shown moderate fluctuations from 2013 to 2023, stabilizing in recent years. In 2023, it stood at 28.34, representing a small but steady year-on-year increase of approximately 0.49%. The Compound Annual Growth Rate (CAGR) over the last five years was 0.37%, indicating modest growth. The forecasted data from 2024 to 2028 predict a gradual increase, culminating in a forecasted value of 28.99 by 2028, with a 5-year CAGR of 0.36% and overall growth of 1.8%.
Future trends to watch for include advancements in sustainable aquaculture practices, increasing governmental support, and potential impacts of climate change on fish production. Monitoring these factors will be crucial for predicting long-term market dynamics and making informed strategic decisions.
