The Canadian soybeans market size volume has shown marginal growth over the past decade. By 2023, the market stood at 45.0 Thousand Metric Tons. Notable year-on-year variations occurred primarily in 2015 and 2017 with increases of 2.38% and 2.33% respectively. The average variation per year over the last five years (CAGR) is 0.45%. Future trends suggest a steady forecast with an anticipated 5-year growth rate of 2.22% and a forecasted CAGR of 0.44% by 2028.
Future trends to watch for include:
- Enhanced agricultural practices and their impact on yield.
- The influence of trade policies and partnerships.
- The role of technological advancements in farming efficiency.
- Changes in consumer preferences towards plant-based proteins.
