In 2023, Canada's fresh corn consumption stood at approximately 103.5 thousand metric tons. The forecast for fresh corn consumption from 2024 to 2028 shows a modest yet consistent upward trend, increasing from 103.79 to 105.38 thousand metric tons. This reflects a steady year-on-year growth rate of just under 0.5%. The compound annual growth rate (CAGR) over this five-year forecast period is approximately 0.4%, indicating a stable market without dramatic fluctuations.
Future trends to watch for could include:
- Potential shifts in dietary preferences toward plant-based foods may drive further increases in fresh corn consumption.
- Climate change impact on local corn yields and prices, which could affect supply and consumption rates.
- Changes in trade policies or tariffs impacting corn imports and exports.