In 2023, the actual consumption of fresh beans, both green and wax, in Canada stood at 34 thousand metric tons. From 2024, forecasts suggest a steady annual increase, reaching 35.88 thousand metric tons by 2028. Year-on-year growth rates indicate slight increments: 0.95% from 2024 to 2025, and similarly modest rises thereafter, culminating in a five-year compound annual growth rate (CAGR) of approximately 0.94% from 2024 to 2028.
Looking ahead, key trends to monitor include:
- Shifts in consumer preferences towards healthier eating habits, potentially boosting demand.
- Climate impact on farming yields, which may affect supply and market dynamics.
- Trade policies influencing imports, significantly affecting pricing and availability.