The gross margin for Food, Beverage, and Tobacco Merchant Wholesalers in Canada is projected to gradually increase from 19.3% in 2024 to 19.6% by 2028. This reflects a consistent year-on-year growth, with minor annual increments of about 0.05 to 0.1 percentage points. In 2023, the actual gross margin stood at 19.2%, indicating steady improvement over the forecast period. This represents a compound annual growth rate (CAGR) of approximately 0.51% from 2024 to 2028.
Looking ahead, key trends to watch include evolving consumer preferences, potential regulatory changes, and supply chain innovations. Monitoring these factors could provide insights into further margin enhancements beyond 2028.
