The market is dominated by domestic suppliers, as imports account for 36.4% of total market size in 2020. B2B drives market demand, with B2B spending representing 79.9% of total demand in 2020. Canada has the 11th largest market size for vegetable and animal oils and fats across the top 20 developed countries, with demand reaching USD4.4 billion in 2020. Bunge Canada is the largest company in Canada, generating 8.3% of the industry’s total production value in 2020. The industry is fragmented, with the top five companies generating 15.4% of total production value in 2020. The total number of companies decreases in 2020, to 102 units. The costs of the industry decrease by 4% in 2020, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 6.7% of production value in 2020, the eighth highest across the top 20 developed countries. The industry’s exports share decreases in 2020 to 57.4% of total production output. With production value of USD5.8 billion, Canada accounts for 13.0% of the North America total in 2020.
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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
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