The market is dominated by domestic suppliers, as imports account for 13.6% of total market size in 2020. Households drive market demand, with household spending representing 74.3% of total demand in 2020. Canada has the seventh largest market size for bakery products across the top 20 developed countries, with demand reaching USD14.7 billion in 2020. George Weston Ltd is the largest company in Canada, generating 25.7% of the industry’s total production value in 2020. The industry is fragmented, with the top five companies generating 49.4% of total production value in 2020. The total number of companies increases in 2020, to 6,779 units. The costs of the industry decrease by 1.2% in 2020, largely driven by declining labour costs. The industry’s profitability increases and stands at 23.1% of production value in 2020, the highest across the top 20 developed countries. With production value of USD9.1 billion, Canada accounts for 10.0% of the North America total in 2020.
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This Euromonitor industrial report provides unique information on Bakery Products in Canada: ISIC 1541. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Bakery Products in Canada: ISIC 1541 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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