Coffee & Tea Production in Canada
Over the past five years, Coffee and Tea Production industry revenue has been volatile. Severe fluctuations in the world price of coffee have occurred in line with climate conditions significantly affecting harvest yields. Unstable commodity costs make it arduous for industry manufacturers to reflect changes in raw material costs quickly in their product pricing. However, as consumers value coffee and tea products with high quality and consistency, the industry has benefited from more consumers purchasing specialized blends, compared with low-cost tea and coffee products sold in bulk. Over the five years to 2023, industry revenue will benefit from more coffee and tea aficionados, including consumers who are interested in the health benefits of tea and who purchase specialty tea infused with additional fruit flavours which garner higher price points. Additionally, coffee prices are expected to fluctuate at a much milder rate (barring any major events), making it easier for operators to establish stable retail prices. However, the projected rise in the Canadian dollar will dampen global consumers' demand for industry products, limiting industry operators' revenue from exports.
This industry primarily roasts and packages imported coffee beans, as well as blends and packages tea. It may also produce coffee extracts or concentrates, including instant or freeze-dried varieties. Establishments that primarily bottle or can iced coffee and tea, as well as ready-to-drink tea, are excluded from this industry.
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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