Canada's domestic palm oil food consumption is projected to increase steadily from 2024 to 2028, as indicated by the forecast values of 105.0 (thousand metric tons) in 2024, rising incrementally to 110.0 (thousand metric tons) by 2028. When comparing year-on-year variations, a consistent annual growth rate of approximately 1.9% is observed from 2025 to 2028. Specifically, this consumption is expected to rise by 1.9% in 2025 and maintain a similar growth trajectory through 2026, 2027, and 2028. The Compound Annual Growth Rate (CAGR) over this five-year period stands at 1.87%, indicating stable and moderate growth.
Future trends to watch for include potential shifts in consumer preferences towards sustainable and healthier alternatives, regulatory changes that could impact palm oil imports, and advancements in palm oil production technology aimed at reducing environmental impacts.
