In 2023, the value added of flour milling and malt manufacturing in Canada stood at an unspecified baseline. The forecasted values from 2024 to 2028 show a steady increase, growing from 604.22 million CAD to 668.54 million CAD. The year-on-year growth rates are approximately 2.7% over each of these years, indicating a modest and consistent upward trend. The compound annual growth rate (CAGR) can be estimated at around 2.56% over the five-year period from 2024 to 2028.

Future trends to watch for include:

Potential impacts of global economic conditions on commodity prices and trade regulations.
Advancements in technology that could improve production efficiency.
Shifts in consumer preferences towards organic and locally-sourced products.
Potential environmental regulations affecting grain cultivation and processing.