The maize oil market in Canada is projected to experience a continuous decline from 40.68 thousand metric tons in 2024 to 39.63 thousand metric tons in 2028. In 2023, the market size stood at 40.95 thousand metric tons. Year-on-year variations indicate a decline of approximately 0.66% from 2024 to 2025, 0.67% from 2025 to 2026, 0.65% from 2026 to 2027, and 0.62% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) for the forecasted period (2024-2028) is around -0.64%, reflecting a gently declining market trend.
Future trends to watch for include potential impacts of healthier dietary changes, advancements in maize oil production technologies, and possible regulatory changes affecting the food industry. Monitoring these factors will be crucial for predicting future market dynamics accurately.
