The demand for pulses in Canada is poised to grow steadily from 2024 to 2028, with forecasted values of 803.0, 820.0, 838.0, 855.0, and 871.0 thousand metric tons respectively. This represents an average annual growth rate of 2.0% over the five-year period. Compared to 2023, when the demand stood at approximately 780.0 thousand metric tons, this is a noticeable upward trend in consumption.
Future trends to watch for include:
- Potential shifts in consumer preferences towards plant-based proteins spurring increased demand for pulses.
- Climate change impact on production affecting supply and pricing dynamics.
- Trade policies and agreements influencing export-import flows, thereby affecting domestic availability.