In 2023, the value of lentils production at farm gate in Canada was a pivotal benchmark, serving as a base for the forecasted data from 2024 onwards. With steady increments, the value is predicted to rise to $1.47 billion USD by 2028. The year-on-year growth reflects a gradual increase, with a notable continuation at a compound annual growth rate (CAGR) over the period, emphasizing stable development amid agricultural economic landscapes.
Future trends to watch for include:
- Impact of climate change on lentils yield and quality.
- Shifts in global demand and Canadian export strategies.
- Technological advancements in farming practices and their adoption rates.
