The Canadian pulses market, as of 2023, stood at 431.0 thousand metric tons. Projections suggest a steady increase in volume, with forecasts of reaching 500.0 thousand metric tons by 2028. This represents a compound annual growth rate (CAGR) of approximately 3.0% between 2023 and 2028.
Future trends to watch for include:
- Increasing consumer preference for plant-based diets, potentially accelerating demand for pulses.
- Emphasis on sustainable agricultural practices likely supporting growth in production.
- Trade policies and export opportunities impacting market dynamics positively or negatively.
- Technological advancements in crop management contributing to yield improvements.
