The freshwater fish supply in Canada saw various changes from 2013 to 2023. Despite a fluctuation in the earlier years, the supply generally decreased until 2020, after which it started recovering. Although 2023 saw relatively stable growth with a slight year-on-year increase of 0.28%, standing at 46.81 thousand metric tons, the previous five years had a negative compound annual growth rate (CAGR) of -0.92%.
The projections from 2024 to 2028 indicate a positive outlook with the supply expected to rise consistently, highlighted by a forecasted 5-year CAGR of 1.48%, culminating in a projected growth rate of 7.61%. This suggests a potential recovery and steady increase in supply over the next few years.
Future Trends to Watch For:
• Effects of environmental policies on freshwater fish habitats.
• Impact of technological advancements in fish farming and supply chain improvements.
• Market demand changes influenced by consumer preferences for sustainable and locally sourced food products.
• Potential risks from climate change and ecological disruptions affecting fish populations.
