The forecast for lentil consumption at farm gate in Canada shows a steady increase from 2024 to 2028, with a projected growth rate from 3.04 million metric tons in 2024 to 3.35 million metric tons in 2028. The consumption is projected to grow by approximately 2.63% year-on-year on average. From 2023 to 2028, this represents a steady CAGR, indicating consistent demand growth over the forecasted period. In 2023, the consumption stood at around 2.96 million metric tons.
Future trends to watch for:
- Changes in dietary preferences towards plant-based proteins could boost demand.
- Trade policies and global market conditions may impact the supply chain and prices.
- Advancements in agricultural technology could influence yield and production levels.