The import of locust beans and seeds to Canada is set to increase steadily from 2024 through 2028, with projected annual imports growing from $129.94k to $145.15k, showing consistent growth each year. This trend follows a positive trajectory marked by successive year-on-year increases of approximately 3% annually. Without data for 2023 to benchmark against, we base projections solely on the forecasted data from 2024 onwards. The compound annual growth rate (CAGR) over this period is approximately 3%.
Looking forward, factors such as changing dietary trends emphasizing plant-based proteins and increasing awareness of sustainable food choices may drive further growth in imports of locust beans and seeds. Monitoring trade policies and any shifts in agricultural production globally will also be critical to forecasting future import dynamics accurately.
