The forecasted demand for groundnuts in Canada shows a steady rise from 2024 to 2028. Demand is expected to increase from 127.0 thousand metric tons in 2024 to 129.0 thousand metric tons in 2028. In comparison, the actual demand in 2023 stood at 126.0 thousand metric tons. The year-on-year variation indicates minor growth, primarily 0% from 2024 to 2025, and a 0.79% increase in 2026 and 2027, followed by a further 0.78% boost in 2028. The compound annual growth rate (CAGR) over the five years suggests a modest annual increase around 0.56%.

Future trends to watch for include:

Changes in consumer preferences towards healthier snacks, which may impact groundnut demand.
Potential climate impacts on agriculture, influencing supply levels.
Government agricultural policies and trade agreements affecting availability and pricing.