The rate of inflation is expected to stabilise in the forecast period. This is predicted to impact the growth performances of packaged food, and cheese is no exception.
Having grown at a much higher rate towards the end of the review period, foodservice volume sales are expected to grow at only a slightly faster pace than retail volume sales in the forecast period, as the market stabilises in the post-Coronavirus (COVID-19) period. Nonetheless, Canada is projected to witness significant population growth through immigration.
Packaged hard cheese and soft cheese are projected to register the fastest retail volume and value CAGRs over the forecast period. Hard cheese is predicted to remains the top performer in the forecast period, supported by the development of healthy snacking trends.
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Understand the latest market trends and future growth opportunities for the Cheese 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 Cheese 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.
Cheese
This is the aggregation of hard, soft, spreadable and processed cheese (excl spreadable). Note: Non-dairy cheese substitutes are excluded from this category and tracked under plant-based cheese.
See All of Our DefinitionsThis report originates from Passport, our Cheese research and analysis database.
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