Industry Lens: Food Manufacturing—September 2022

The Conference Board of Canada, September 16, 2022
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This report examines the short-and medium-term economic and profitability outlook for Canada’s food manufacturing industry.

Document Highlights

  • The industry has increased capacity substantially over the last 10 years, with capacity growing by more than nearly all other manufacturing industries over that period.
  • The outlook remains strong, but profit margins will face difficulties over the next year as companies struggle to pass on higher input costs to customers.
  • Exports have become an ever more important part of the industry’s performance, a trend we expect will continue.

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