This industry profile provides a five-year forecast for Canada’s Food and Beverage Industry.
Canada’s Food and Beverage Industry: Industrial Profile Autumn 2011
Canada’s Food and Beverage Industry: Industrial Profile Autumn 2011
Industry Sector Economics
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- Cost Inflation—Rising agricultural product prices are driving up production costs for food and beverage manufacturers, as well as challenging families’ grocery budgets.
- Consumer Confidence—Weaker consumer confidence and slower income growth will detract from consumers’ willingness to spend on food and beverages.
- Exports—Industry exports continue to grow despite the economic uncertainties. Diversification away from the U.S. market has been the key driver.