The distribution of shelled pistachios in Canada experienced significant fluctuation from 2013 to 2023. In 2013, the volume stood at 18.8 thousand metric tons and declined drastically through 2015, before stabilizing at around 2.5 thousand metric tons from 2016 to 2018. A modest recovery began in 2019, peaking notably in 2020 with a 32.14% increase. By 2023, the volume had reached 3.21 thousand metric tons, representing a 23.35% increase year-on-year, and a CAGR of 5.11% over the last five years.
Moving forward, the market is expected to exhibit substantial growth, with a forecasted 5-year CAGR of 9.99% and an overall expected growth rate of 60.98% by 2028.
Future Trends to Watch For:
• Continuous growth in consumer demand for healthy snacks, including pistachios.
• Potential impact of global supply chain issues and climate change on nut production.
• Advancements in agricultural practices to increase yield and distribution efficiency.
