The market is dominated by domestic suppliers, as imports account for 35.1% of total market size in 2022. Households drive market demand, with household spending representing 87.0% of total demand in 2022. Canada has the fourth largest market size for spirits across the top 20 developed countries, with demand reaching USD10.2 billion in 2022. Corby Spirit & Wine Ltd is the largest company in Canada, generating 6.7% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 17.6% of total production value in 2022. The total number of companies increases in 2022, to 307 units. The costs of the industry decrease by 10% in 2022, largely driven by declining B2B costs. The industry’s profitability increases and stands at 16.9% of production value in 2022, the 11th highest across the top 20 developed countries. The industry’s exports share increases in 2022 to 9.8% of total production output. With production value of USD1.7 billion, Canada accounts for 5.3% of the North America total in 2022.
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This Euromonitor industrial report provides unique information on Spirits in Canada: ISIC 1551. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Spirits in Canada: ISIC 1551 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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