The value added of the grain and oilseed milling industry in Canada is forecasted to slightly decline from 2.6592 billion CAD in 2024 to 2.5409 billion CAD by 2028. This demonstrates a declining trend over the forecast period with a Compound Annual Growth Rate (CAGR) reflecting an average annual decrease. As of 2023, the industry was positioned at 2.689 billion CAD. The year-over-year decline begins at 1.13% in 2025 and continues more consistently up to 2028 with a decline of 1.13% annually.

Future trends to watch for:

Potential impact of changes in trade policies and global demand on export opportunities.
Innovations in milling technology and its influence on production efficiency.
Shifts in consumer preferences towards plant-based products affecting oilseed demand.