In 2023, Canada's egg demand stood at 646.0 thousand metric tons. The forecast for 2024 indicates a demand of 653.0 thousand metric tons, showing a 1.1% increase from the previous year. Continuing this upward trend, the demand is projected to rise to 680.0 thousand metric tons by 2028, reflecting a compound annual growth rate (CAGR) of approximately 1.3% over the five-year period from 2024 to 2028.
Future trends to watch for include:
- Potential impacts of dietary changes and health trends on egg consumption.
- The influence of pricing dynamics and supply chain efficiencies in the agriculture sector.
- Regulatory developments that could affect production and availability of eggs in Canada.
- Environmental concerns and their effects on sustainable farming practices.