In 2023, Grain and Oilseed Milling closing inventories in Canada were valued at approximately 2.08 billion Canadian dollars. Forecasted data from 2024 to 2028 shows a consistent year-on-year increase, with inventories expected to reach 2.64 billion by 2028. The year-on-year growth rate ranges around 5.17% annually, reflecting a steady upward trend over the period. The compound annual growth rate (CAGR) for this period is approximately 4.87%, indicating moderate growth in the sector.

Looking ahead, several trends could impact this growth trajectory:

Global market demand for grain and oilseed products may increase due to rising population and dietary shifts.
Advances in milling technology could improve efficiency and inventory levels.
Regulatory changes affecting trade or production standards might alter growth prospects.
Climate change impacts on crop yields could influence the availability of raw materials for milling.