The agricultural area under organic agriculture in Canada has been steadily growing from 869.2 thousand hectares in 2013 to 1350.0 thousand hectares in 2023, with a notable dip in 2021. The average Compound Annual Growth Rate (CAGR) over the past five years has been very modest at 0.52%, highlighting slower growth compared to the previous periods.
Key insights:
- 2013-2020: The growth was more aggressive, peaking with year-on-year variations as high as 16.36% in 2016.
- 2021: A significant decline of 14.25% occurred before the area rebounded slightly in 2022 and 2023.
Forecasts predict a continued but moderated expansion up to 1520.0 thousand hectares by 2028, with an average forecasted CAGR of 1.9%. Future trends to watch for include the impact of governmental policies on organic farming incentives, climate change adaptation strategies, and shifting consumer preferences towards sustainable agriculture.
