In 2023, Canada's re-import of flour or meal of dried legumes stood at an estimated value. From 2024, forecasts indicate a steady growth in value, starting from 90.57 thousand US dollars, increasing annually to 110.49 thousand US dollars by 2028. The projected growth demonstrates a consistent upward trend, evident in a year-on-year percentage increase: 5.67% in 2025, 5.25% in 2026, 4.89% in 2027, and 4.57% in 2028. Over these years, the compound annual growth rate (CAGR) suggests steady market expansion.
Future trends to watch for include:
- Potential impacts of economic shifts and consumer preferences on demand for legume-based products.
- Regulatory changes affecting trade policies or import tariffs.
- The influence of global supply chain dynamics and climate change on legume production and prices.
- Innovations in agri-food technology that could improve production efficiency and quality.