In 2023, the starch and vegetable fat and oil manufacturing revenue in Canada was positioned at 15.75 billion Canadian dollars. From 2024 to 2028, there is a forecasted increase in revenue, showing steady year-on-year growth. The growth from 2024’s 16.548 billion Canadian dollars to 2028's 20.042 billion Canadian dollars indicates a consistent positive trajectory with the following yearly expansions: 5.35%, 5.03%, 4.75%, and 4.49%. Over this five-year period, the compound annual growth rate (CAGR) reveals an average annual increase of approximately 5.1%.

Future trends to watch for include:

Potential impacts from changing consumer preferences towards healthier or alternative oils.
Technological advancements leading to more efficient production processes.
Economic factors affecting the supply chain, such as costs of raw materials or trade policies.