In 2023, Canada's pulses production stood at approximately 7.5 million metric tons. The forecast for the period from 2024 to 2028 anticipates a steady increase from 7.6419 million metric tons in 2024 to 8.2 million metric tons in 2028. Year-on-year growth is projected with moderate increases averaging around 2% to 3%. The five-year compound annual growth rate (CAGR) is estimated to be around 1.8%.
Future trends to watch for include:
- Climate change impacts on agricultural yields, which could affect production.
- Shifts in global demand for plant-based proteins influencing pulse markets.
- Technological advancements in agriculture enhancing yield efficiency.
