The demand for sunflower seed oil in Canada is anticipated to grow steadily from 2024 to 2028, starting at 51.53 thousand metric tons in 2024 and reaching 53.83 thousand metric tons by 2028. This represents a consistent year-on-year increase in demand. Compared to 2023, where the demand stood at 51.00 thousand metric tons, the year-on-year variations from 2024 onwards are approximately 1.1% each year. Examining the last five years indicates a Compound Annual Growth Rate (CAGR) of about 1.1%.
Future trends to watch for include changes in consumer preferences for healthier cooking oils, potential shifts towards more sustainable production practices, and the impact of global market conditions on supply and pricing. Monitoring these factors will provide a clearer picture of the long-term demand trajectory in Canada.
