Industry Lens: Food Manufacturing—September 2022

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Industry Lens: Food Manufacturing—September 2022

Industry Sector Economics
8 min read

Author: The Conference Board of Canada


This report examines the short-and medium-term economic and profitability outlook for Canada’s food manufacturing industry.

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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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