The market is dominated by domestic suppliers, as imports account for 23.8% of total market size in 2022. B2B drives market demand, with B2B spending representing 68.2% of total demand in 2022. Canada has the eighth largest market size for pet food and animal feeds across the top 20 developed countries, with demand reaching USD11.0 billion in 2022. Nutreco Canada Inc is the largest company in Canada, generating 12.6% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 22.4% of total production value in 2022. The total number of companies increases in 2022, to 864 units. The costs of the industry increase by 7.7% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 9.1% of production value in 2022, the 13th highest across the top 20 developed countries. The industry’s exports share decreases in 2022 to 11.6% of total production output. With production value of USD8.8 billion, Canada accounts for 13.7% of the North America total in 2022.
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This Euromonitor industrial report provides unique information on Pet Food and Animal Feeds in Canada: ISIC 1533. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Pet Food and Animal Feeds in Canada: ISIC 1533 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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