The forecasted consumption of dry peas at the farm gate in Canada shows a steady increase from 2024 to 2028. Specifically, consumption is projected to grow from 791.5 thousand metric tons in 2024 to 856.0 thousand metric tons in 2028. The year-on-year growth rates indicate a consistent upward trajectory, reflecting stable demand across the period. The compound annual growth rate (CAGR) for the period from 2024 to 2028 stands at approximately 1.97%, suggesting a modest but stable growth in consumption.
Future trends to watch for include:
- Potential impacts of climate change on pea production and availability in Canada, which could influence supply and pricing.
- Shifts in consumer preferences towards plant-based diets, potentially driving higher demand for pulses like dry peas.
- Trade policies and international demand that could affect Canadian exports and domestic availability.