In 2023, Canada produced approximately 545.0 thousand metric tons of raw sugar equivalent. The forecasted production for 2024 is 568.1 thousand metric tons, showing a projected increase of around 4.2% year-on-year. The trend continues with rises of 4.7% in 2025, 4.5% in 2026, 4.2% in 2027, and 3.9% in 2028. Over five years, the compound annual growth rate (CAGR) for raw sugar equivalent production is anticipated to be approximately 4.3%.

Future trends to watch for include:

Potential impacts of climate change and environmental regulations on sugar production.
Fluctuations in global sugar prices influencing production decisions.
Technological advancements in crop yield and sugar extraction methods.