In 2023, the dry peas gross production in Canada was valued at approximately $1.34 billion US Dollars PPP 2004–2006. From 2024 to 2028, forecasts predict a steady but marginal increase in value, with a Compound Annual Growth Rate (CAGR) around 0.1%. Year-on-year growth signifies incremental gains of approximately 0.13% each year, reflecting slight but consistent expansion despite market fluctuations.
- The forecast suggests stable market dynamics with limited volatility.
- Attention should be given to factors like global demand, climate change impacts, and evolving trade agreements.
- Technological advancements in agriculture might influence production efficiency and yield increases.