The demand for nuts in Canada, measured in volume, reached 110 thousand metric tons in 2023. From 2014 to 2023, the growth trend showed variability with a significant spike in 2018 at 10.2% year-on-year. However, the latest years observed more stable growth patterns averaging around 0.92% annually. The average annual growth rate from 2019 to 2023 was 0.37%. The forecasted data indicates a continued steady increase, with an expected CAGR of 0.71% from 2024 to 2028.

Future trends to watch for:

Increasing consumer health consciousness which may drive higher demand for nuts as healthy snacks.
Expansion of plant-based food segments incorporating nuts as key ingredients.
Potential impacts of global trade policies and climate change on nut supply chains affecting availability and prices.