Over the forecast period, retail volume sales of processed meat, seafood and alternatives to meat are expected to continue to decline, gradually returning to pre-pandemic levels by 2024. As the impact of the COVID-19 pandemic further lessens, consumption occasions will continue to shift from at-home to foodservice, while consumers will also generally spend less time indoors preparing and cooking food, instead spending more time outdoors and travelling, amongst other activities.
The regulatory framework around the labelling and certification of plant-based food, including meat and seafood substitutes, will likely evolve in the forecast period. In terms of national legislation, currently, the use of common names like butter, cheese, meat and milk to identify plant-based foods is prohibited in Canada.
Investment in cultured meat has grown steadily over the review period. Lab-grown meat is meat produced by taking a sample of stem cells of an animal which are then grown in a petri dish.
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Understand the latest market trends and future growth opportunities for the Processed Meat, Seafood and Alternatives to Meat industry in Canada with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Processed Meat, Seafood and Alternatives to Meat
This is the aggregation of processed meat, processed seafood and meat and seafood substitutes.
See All of Our DefinitionsThis report originates from Passport, our Processed Meat, Seafood and Alternatives to Meat research and analysis database.
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