In 2023, maize oil demand in Canada stood at 50.0 thousand metric tons. The forecast from 2024 to 2028 indicates a gradual decline in demand. The year-on-year variations reveal a consistent decrease, with demand falling by approximately 2% from 2024 to 2025, remaining stable from 2025 to 2027, and declining again by roughly 2% in 2028. Over the five-year period, the compound annual growth rate (CAGR) reflects a contraction at an average rate of 1.2% per year.

Future trends to watch for include:

Potential shifts in consumer health trends impacting oil consumption preferences.
Regulatory changes affecting the maize oil market.
Innovations in alternative oils which might influence demand.
Economic factors impacting overall consumer spending capacity.