Forecast: Green Peas Production in Canada

The forecast for green peas production in Canada indicates a steady increase from 2024 to 2028, with values rising from 26.24 million CAD in 2024 to 27.81 million CAD in 2028. In 2023, actual production was valued below 26.24 million CAD, showcasing a positive growth trend moving forward. Each year demonstrates a year-on-year growth rate of approximately 1.5% to 1.6%, indicating stable and incremental expansion in the sector. Over this five-year forecast period, the compound annual growth rate (CAGR) is approximately 1.5%, emphasizing consistent progression.

Future trends to watch for include:

  • Technological advancements in agriculture that could increase production efficiency.
  • Market demand shifts due to changing dietary preferences towards plant-based proteins.
  • Potential impacts of climate change on crop yield and seasonal patterns.
  • Policy changes that could affect agricultural subsidies or export regulations.

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