The wheat flour consumption in Canada has shown a mixed trend over the past years. In 2023, consumption stood at 2.32 million metric tons. There has been a consistent increase in consumption from 2018 to 2023, with a noticeable surge of 5.07% in 2019 and 3.83% in 2022. Year-on-year growth for 2023 was modest at 0.5%, while the compound annual growth rate (CAGR) over the last five years was 1.48%. Moving forward, the forecast indicates continuous growth with an average yearly increase of 0.54% and an overall growth rate of 2.71% by 2028.
Future trends to watch for include:
- Impact of demographic shifts and dietary trends on wheat flour demand.
- Changes in agricultural practices and wheat production affecting supply.
- Consumer behavior shifts towards alternative flours and dietary health trends.
