The market is dominated by domestic suppliers, as imports account for 13.8% of total market size in 2022. Households drive market demand, with household spending representing 73.0% of total demand in 2022. Canada has the sixth largest market size for bakery products across the top 20 developed countries, with demand reaching USD17.1 billion in 2022. George Weston Ltd is the largest company in Canada, generating 26.7% of the industry’s total production value in 2022. The industry is concentrated, with the top five companies generating 52.4% of total production value in 2022. The total number of companies increases in 2022, to 7,352 units. The costs of the industry increase by 16.3% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 19.2% of production value in 2022, the second highest across the top 20 developed countries. The industry’s exports share increases in 2022 to 25.0% of total production output. With production value of USD12.1 billion, Canada accounts for 12.2% of the North America total in 2022.
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This Euromonitor industrial report provides unique information on Bakery Products in Canada: ISIC 1541. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Bakery Products in Canada: ISIC 1541 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of food, beverages, and tobacco products.
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