As of 2023, the per capita consumption of cottonseed oil in Canada was at 0.02 kilograms. Forecasts for 2024 and 2025 indicate stability at 0.02 kilograms per capita. A slight increase is projected for 2026, reaching 0.021 kilograms per capita, which is expected to remain constant through 2028. From 2023 to 2028, there's a projected compound annual growth rate (CAGR) of approximately 0.98% over the five-year period, showcasing minimal growth in consumption per individual.
Future trends to watch for include:
- Potential shifts in dietary preferences influencing increased demand.
- Changes in domestic agricultural policies impacting the import and production of cottonseed oil.
- Technological advancements in oil extraction and processing that may affect availability and consumption.