Based on the data, Canada's non-food use of oilseeds is projected to decrease steadily from 72.0 thousand metric tons in 2024 to 64.0 thousand metric tons in 2028. Compared to 2023, this reflects a gradual decline indicating that the sector is experiencing a reduction in demand or a shift in focus. The year-on-year decline is approximately 2.8%, with an estimated compound annual growth rate (CAGR) of -2.9% over the five-year forecast period. This suggests a decreasing trend each year consistently.
Future trends to watch for include the impact of potential technological advancements in alternative non-food materials, changes in agricultural policies, and shifts in consumer preferences towards more sustainable options which could further influence this decline.
