Canada Wood Pellets Market Size & Outlook, 2026-2033
The wood pellets market in Canada is expected to reach a projected revenue of US$ 308.8 million by 2033. A compound annual growth rate of 6% is expected of Canada wood pellets market from 2026 to 2033.
Revenue, 2025 (US$M)
$196.9
Estimate, 2026 (US$M)
$205.3
Forecast, 2033 (US$M)
$308.8
CAGR, 2026 - 2033
6.0%
Global Market
Related Markets
Canada wood pellets market highlights
- The Canada wood pellets market generated a revenue of USD 196.9 million in 2025 and is expected to reach USD 308.8 million by 2033.
- The Canada market is expected to grow at a CAGR of 6% from 2026 to 2033.
- In terms of segment, heating was the largest revenue generating application in 2025.
- Power Generation is the most lucrative application segment registering the fastest growth during the forecast period.
Wood pellets market data book summary
| Market revenue in 2025 | USD 196.9 million |
| Market revenue in 2033 | USD 308.8 million |
| Growth rate | 6% (CAGR from 2026 to 2033) |
| Largest segment | Heating |
| Fastest growing segment | Power Generation |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Heating, Power Generation, CHP |
| Key market players worldwide | Enviva Inc, Drax Group PLC, Highland Pellets, Energix-Renewable Energies Ltd, Graanul Invest, Pinnacle Financial Partners Inc, Sinclair Inc Ordinary Shares - Class A, Lauzon, The United Company, Pellet Group, Groupe SEB, LACROIX group |
Other key industry trends
- In terms of revenue, Canada accounted for 0.4% of the global wood pellets market in 2025.
- Country-wise, UK is expected to lead the global market in terms of revenue in 2033.
- In North America, U.S. wood pellets market is projected to lead the regional market in terms of revenue in 2033.
- Canada is the fastest growing regional market in North America and is projected to reach USD 308.8 million by 2033.
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Publish Date: Mar 25, 2026
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Wood Pellets Market Scope
Wood Pellets Market segmentation & scope
Wood Pellets Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Enviva Inc | View profile | 1,386 | 7272 Wisconsin Avenue, Suite 1800, Bethesda, MD, United States, 20814 | www.envivabiomass.com |
| Drax Group PLC | View profile | 3,551 | Drax Power Station, Selby, North Yorkshire, United Kingdom, YO8 8PH | www.drax.com |
| Groupe SEB | View profile | 10001+ | Carros, Provence-Alpes-Cote d'Azur, France, Europe | www.groupeseb.com |
| Energix-Renewable Energies Ltd | View profile | 209 | 2 Jabotinsky Street, Amot Atrium Tower, Ramat Gan, Israel, 5250501 | www.energix-group.com |
| Graanul Invest | View profile | 501-1000 | Tallinn, Harjumaa, Estonia, Europe | www.graanulinvest.com/ |
| Pinnacle Financial Partners Inc | View profile | 3,357 | 150 Third Avenue South, Suite 900, Nashville, TN, United States, 37201 | www.pnfp.com |
| Sinclair Inc Ordinary Shares - Class A | View profile | 7,300 | 10706 Beaver Dam Road, Hunt Valley, MD, United States, 21030 | www.sbgi.net |
| Lauzon | View profile | 251-500 | Papineauville, Quebec, Canada, North America | www.lauzonflooring.com/ |
| Highland Pellets | View profile | 101-250 | Pine Bluff, Arkansas, United States, North America | highland-pellets.com |
| The United Company | View profile | - | Bristol, Virginia, United States, North America | www.unitedco.net/ |
Canada Wood Pellets Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Wood Pellets Market Outlook will help companies and investors design strategic landscapes.
Heating was the largest segment with a revenue share of 93.6% in 2025.
Horizon Databook has segmented the Canada wood pellets market based on heating, power generation, chp covering the revenue growth of each sub-segment from 2021 to 2033.
- Canada Wood Pellets Market Application Outlook (Revenue, USD Million , 2021-2033)
- Heating
- Power Generation
- CHP
- Canada Wood Pellets Market End-Use Outlook (Revenue, USD Million , 2021-2033)
- Residential
- Commercial
- Industrial
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada Wood Pellets Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Canada Wood Pellets Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Canada Wood Pellets Market, 2021-2033 (US$M)
Canada wood pellets market statistics, by application, 2021-2033 (Kilotons)
