The forecasted data for palm kernel oil domestic consumption in Canada from 2024 to 2028 shows no variation, standing steadily at 15.0 thousand metric tons each year. As of 2023, the actual consumption was also 15.0 thousand metric tons. Over the last two years, the consumption has remained flat with no year-on-year change. The compound annual growth rate (CAGR) over the last five years indicates a 0% average annual growth, highlighting a stable but non-expanding market.
Future trends to watch for include potential shifts in consumer preferences towards more sustainable and ethically sourced products, which could impact palm kernel oil demand. Additionally, regulatory changes and advancements in alternative oils might alter the consumption patterns.
