As of 2023, the non-food uses of coconut oil in Canada stood at 7.0 thousand metric tons. The forecast data anticipates a constant usage of 7.0 thousand metric tons for the years 2024 through 2027, with a slight rise to 8.0 thousand metric tons by 2028. This reflects a year-on-year increase of approximately 14.3% from 2027 to 2028. Over the five-year period from 2023 to 2028, the compound annual growth rate (CAGR) would be marginally positive, primarily due to the increase occurring in 2028.

Future trends to watch for include:

An increase in demand for environmentally friendly and sustainable products, potentially driving further growth.
The impact of regulatory changes related to sustainability and environmental factors.
Potential market disruptions due to global economic conditions affecting coconut oil supply chains.