Seasoning, Sauce and Condiment Production in Canada - Industry Market Research Report
Description
Seasoning, Sauce and Condiment Production in Canada
The Seasoning, Sauce and Condiment Production industry in Canada has experienced growth over the five years to 2023, despite mixed demand from grocery stores and food service providers for industry products. Rising per capita disposable income has permitted consumers to trade up to premium and more expensive brands, while increasing health consciousness has curbed demand for most industry products high in sodium and calories. At the same time, the depreciation of the Canadian dollar prior to the COVID-19 pandemic made industry goods more affordable in foreign markets, increasing exports and buoying revenue. Overall, revenue is expected to grow at a CAGR of 4.5% to $2.3 billion over the five years to 2023, including an expected 0.4% growth in 2023 alone. The industry's essential standing also prevented revenue declining amid the coronavirus pandemic in 2020.
This industry manufactures products such as mayonnaise, dressings, spices, extracts and dry food mixes from a variety of ingredients. Industry products are sold to downstream wholesalers, food manufacturers and retail markets. Ketchup and other tomato-based sauces are excluded, as they are part of the Canned Fruit and Vegetable Processing industry in Canada (IBISWorld report 31142CA).
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.
The Seasoning, Sauce and Condiment Production industry in Canada has experienced growth over the five years to 2023, despite mixed demand from grocery stores and food service providers for industry products. Rising per capita disposable income has permitted consumers to trade up to premium and more expensive brands, while increasing health consciousness has curbed demand for most industry products high in sodium and calories. At the same time, the depreciation of the Canadian dollar prior to the COVID-19 pandemic made industry goods more affordable in foreign markets, increasing exports and buoying revenue. Overall, revenue is expected to grow at a CAGR of 4.5% to $2.3 billion over the five years to 2023, including an expected 0.4% growth in 2023 alone. The industry's essential standing also prevented revenue declining amid the coronavirus pandemic in 2020.
This industry manufactures products such as mayonnaise, dressings, spices, extracts and dry food mixes from a variety of ingredients. Industry products are sold to downstream wholesalers, food manufacturers and retail markets. Ketchup and other tomato-based sauces are excluded, as they are part of the Canned Fruit and Vegetable Processing industry in Canada (IBISWorld report 31142CA).
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.
Table of Contents
43 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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