The forecasted sugar beet production in Canada shows a steady increase from 2024 through 2028. The production is set to grow from 1.1976 million metric tons in 2024 to 1.2225 million metric tons in 2028. As of 2023, the actual production stood at 1.1916 million metric tons. Year-on-year variations are as follows: 0.53% increase in 2024, 0.53% increase in 2025, 0.52% increase in 2026, 0.51% increase in 2027, and 0.50% increase in 2028. The compound annual growth rate (CAGR) over the 5-year period from 2023 to 2028 is approximately 0.52%.
Future trends to watch for include potential impacts of climate change on crop yields, advancements in agricultural technology that could boost production efficiency, and shifts in domestic and global demand for sugar beets and their derived products. Monitoring these factors could provide valuable insights for stakeholders in the agricultural sector.
