The forecast for the Canadian pulses market indicates steady growth from 2024 to 2028, with volume projected to increase from 540.0 to 596.0 thousand metric tons. This represents an average annual growth rate of approximately 2.5% from 2024 onwards. In 2023, the pulses market size stood at 526.0 thousand metric tons. Over the next five years, the market is expected to grow consistently year-on-year, driven by health trends and increased demand for plant-based proteins.
Future trends to watch for include:
- Rising consumer interest in sustainable and health-conscious food options.
- Potential challenges related to climate change affecting agricultural yields.
- Growing competition from alternative protein sources.
- Government policies promoting local agriculture and exports.
