The market is dominated by domestic suppliers, as imports account for 34.4% of total market size in 2022. Households drive market demand, with household spending representing 75.4% of total demand in 2022. Canada has the seventh largest market size for coffee, tea, spices and ready meals across the top 20 developed countries, with demand reaching USD20.8 billion in 2022. George Weston Ltd is the largest company in Canada, generating 18.8% of the industry’s total production value in 2022. The industry is concentrated, with the top five companies generating 52.1% of total production value in 2022. The total number of companies increases in 2022, to 4,028 units. The costs of the industry increase by 13.4% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 10.2% of production value in 2022, the eighth highest across the top 20 developed countries. The industry’s exports share increases in 2022 to 22.1% of total production output. With production value of USD13.0 billion, Canada accounts for 8.9% of the North America total in 2022.
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This Euromonitor industrial report provides unique information on Coffee, Tea, Spices and Ready Meals in Canada: ISIC 1549. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Coffee, Tea, Spices and Ready Meals in Canada: ISIC 1549 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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