Baking Mix & Prepared Food Manufacturing in Canada
The Baking Mix and Prepared Food Manufacturing industry in Canada has experienced strong revenue growth over the five years to 2019. An improving economy and rising per capita disposable income levels have led to increased domestic demand for a wider variety of higher-quality, more nutritious and more diverse food products. To meet this demand, food service providers and retailers have increased purchases of industry products. A variety of trends have affected industry performance. Consumers have increasingly demanded healthy foods, which has cut into some traditional segments. However, this has also prompted operators to release more nutritious varieties of existing goods, and it has also prompted significant market entry. Over the five years to 2024, industry revenue is forecast to increase, albeit at a slower rate than during the previous period.
This industry manufactures perishable prepared foods such as sandwiches, prepared meals and peeled or cut vegetables. Companies in the industry also use dried and dehydrated ingredients to manufacture dessert mixes, flavouring powders and processed eggs.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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