The shelled walnuts domestic consumption in Canada has shown a consistent upward trend from 2024 to 2028, starting at 27.45 thousand metric tons in 2024 and reaching 29.63 thousand metric tons by 2028. Compared to 2023, this projection indicates a steady growth. The year-on-year growth rates from 2024 to 2025 and onwards are approximately 2%, reflecting stable demand increases. This translates to a compound annual growth rate (CAGR) that reveals an average yearly augmentation in the consumption of shelled walnuts over the period.
Future trends to watch for include potential impacts of dietary shifts towards plant-based foods, which may drive further increases in walnut consumption. Additionally, monitoring climatic changes affecting walnut yields and consumer price sensitivity will be crucial for understanding long-term consumption forecasts.
