Several factors will contribute to the gradual decline of growth in baked goods during the forecast period. Firstly, the high prices currently affecting the category are expected to moderate as the government actively works to combat inflation.
Canada's ambitious immigration plan aims to attract a larger number of people in the future, leading to increased diversity across all sectors, particularly in food and drink. The foodservice industry will see a growing number of outlets serving global cuisine, with supermarkets now stocking ethnic food products.
The plant-based trend is gaining momentum in Canada, and it is expected to lead to increased innovation in baked goods. Innovations like plant-based bread, bagels, and other products are becoming more common as the demand for these products continues to rise.
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Understand the latest market trends and future growth opportunities for the Baked Goods industry in Canada with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Baked Goods industry in Canada, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Baked Goods
This is the aggregation of bread, pastries, dessert mixes, frozen baked goods and cakes. Note: Baked goods from in-store bakeries are classified under unpackaged/artisanal, not packaged/industrial. While they may be finished on-site, they are often prepared, then frozen or par-baked, at other locations. Such production models are very important for supermarket in-store bakeries, which have in the past been used to drive traffic and fill stores with appetising aromas, but for which the labour resources required to run a full-service scratch bakery are not always available.
See All of Our DefinitionsThis report originates from Passport, our Baked Goods research and analysis database.
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