In 2023, Canada's domestic consumption of peanut meal stood at a certain level, with forecasted values for subsequent years indicating a gradual increase. Starting at 173.0 thousand metric tons in 2024, consumption is expected to grow marginally year-on-year, reaching 179.0 thousand metric tons by 2028. The average annual growth rate over this five-year period is projected to be consistent. This trend highlights a steady demand and suggests modest growth within the peanut meal market in Canada.

Future trends to watch for:

Potential shifts in consumer preferences towards plant-based proteins.
Impact of trade policies and tariffs on peanut importation affecting supply.
Technological and agricultural advancements increasing local peanut meal production.