The lard production in Canada shows a forecasted upward trend from 2024 to 2028, starting at 157.16 thousand metric tons in 2024 and reaching 170.45 thousand metric tons by 2028. This predicted growth indicates a consistent year-on-year increase. The average compound annual growth rate (CAGR) over the five-year period is positive, highlighting a steady rise in production. In 2023, the production stood at slightly lower levels, setting the stage for this forward-looking expansion.
Future trends to watch for include potential impacts from changes in dietary preferences, innovations in alternative fats, and shifts in export demand that could influence production levels. Additionally, monitoring environmental policies and their effect on livestock farming could be essential.
