The Canadian oilseeds processing industry saw steady growth over the past decade, with actual production increasing from 8.74 million metric tons in 2014 to 12.41 million metric tons in 2023. The year-on-year variation for 2023 was 1.65%, indicating a consistent yet modest increase. The compounded annual growth rate (CAGR) averaged 1.63% over the last five years, reflecting a deceleration compared to prior periods of higher expansions, such as the 12.28% in 2016. Forecasts suggest continued growth, though at a slower rate, with a projected CAGR of 1.16%, reaching 13.36 million metric tons by 2028.

Future trends to watch for include:

Technological advancements enhancing processing efficiency.
Impact of governmental policies on agricultural production and processing regulations.
Influence of global oilseed market dynamics and trade agreements.
Shifts in sustainability practices and demand for eco-friendly products.
Weather pattern changes affecting oilseed crop yields.