This report examines the short-and medium-term economic and profitability outlook for Canada’s Food Manufacturing Industry.
Canada’s Food Manufacturing Industry: Industrial Outlook Summer 2013
Canada’s Food Manufacturing Industry: Industrial Outlook Summer 2013
Industry Economic Analysis
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- Export Markets—Canadian food products continue to make inroads in markets outside of North America, helping the industry to reduce its dependence on the U.S. market.
- Agricultural Commodity Prices—A more balanced global commodity market will likely ease the cost pressures felt by food manufacturers.
- Competition—Competition between private labels and national brands continues to escalate as they battle for the custom of price- conscious consumers. That will likely result in lower profit margins for food manufacturers.
