The consumption of peanuts in Canada is forecasted to increase gradually from 131.87 thousand metric tons in 2024 to 136.83 thousand metric tons by 2028. Compared to 2023, where actual figures stood at 130.38 thousand metric tons, this indicates a steady upward trend. The year-on-year growth from 2024 to 2025 is approximately 0.94%, with subsequent years showing similar annual incremental increases. Over the five-year forecast period, the compound annual growth rate (CAGR) is about 0.95%.
Future trends to watch for include:
- Consumer preference shifts towards healthier snacking options.
- Influence of climate change on peanut production and availability.
- Impact of trade regulations on peanut imports and prices.
