In 2023, fresh pea consumption in Canada stood at 10.08 thousand metric tons. Forecasted data indicates a steady increase from 2024 through 2028, starting at 10.21 thousand metric tons in 2024 and reaching 10.74 thousand metric tons by 2028. The year-on-year growth figures demonstrate a moderate increase of approximately 1.3% annually.
The compound annual growth rate (CAGR) for the next five years is estimated at around 1.27%, reflecting consistent, albeit modest, growth.
Future trends to watch for:
- Potential changes in consumer preferences towards healthy, plant-based diets may drive higher consumption.
- Supply chain dynamics and sustainability issues could impact fresh pea availability and pricing.
- Technological advancements in agriculture might enhance production efficiency.