The market is dominated by domestic suppliers, as imports account for 48.0% of total market size in 2022. Households drive market demand, with household spending representing 83.7% of total demand in 2022. Canada has the seventh largest market size for chocolate and sugar confectionery across the top 20 developed countries, with demand reaching USD7.4 billion in 2022. Nestlé Canada Inc is the largest company in Canada, generating 7.3% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 27.0% of total production value in 2022. The total number of companies increases in 2022, to 526 units. The costs of the industry increase by 8.7% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 19.0% of production value in 2022, the fifth highest across the top 20 developed countries. The industry’s exports share increases in 2022 to 40.3% of total production output. With production value of USD3.9 billion, Canada accounts for 12.1% of the North America total in 2022.
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This Euromonitor industrial report provides unique information on Chocolate and Sugar Confectionery in Canada: ISIC 1543. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Chocolate and Sugar Confectionery in Canada: ISIC 1543 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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