The market is dominated by domestic suppliers, as imports account for 39.8% of total market size in 2022. B2B drives market demand, with B2B spending representing 75.3% of total demand in 2022. Canada has the 10th largest market size for vegetable and animal oils and fats across the top 20 developed countries, with demand reaching USD6.9 billion in 2022. Bunge Canada is the largest company in Canada, generating 6.6% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 12.1% of total production value in 2022. The total number of companies decreases in 2022, to 88 units. The costs of the industry increase by 16.6% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 12.5% of production value in 2022, the 16th highest across the top 20 developed countries. The industry’s exports share decreases in 2022 to 60.9% of total production output. With production value of USD9.3 billion, Canada accounts for 18.5% of the North America total in 2022.
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This Euromonitor industrial report provides unique information on Vegetable and Animal Oils and Fats in Canada: ISIC 1514. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Vegetable and Animal Oils and Fats in Canada: ISIC 1514 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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