Margarine & Cooking Oil Processing in Canada - Industry Market Research Report

Margarine & Cooking Oil Processing in Canada - Industry Market Research Report

Margarine & Cooking Oil Processing in Canada

Margarine and cooking oil processors have enjoyed considerable growth over the current period. Massive increases in the price of inputs forced processors to pass increased costs onto consumers, contributing to much of the growth over the current period. Processors pouring capital into their facilities to strengthen their output also contributed to this growth. Also, processors faced minimal declines following the outbreak of COVID-19 as its products are essential for cooking. Exports promoted considerable growth for processors, but trade tensions with China led to some export volatility. Industry-wide revenue has been growing at a CAGR of 9.4% over the past five years and is expected to total $17.6 billion in 2023, when revenue will drop by an estimated 5.4%.

Operators in the Margarine and Cooking Oil Processing industry in Canada produce cooking oil, shortening and margarine. Activities include wet-milling corn and vegetables, crushing oilseeds and tree nuts, refining and blending cooking oils and blending purchased animal fats with vegetable fats.

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.