Business Monitor International


Canada Food & Drink Report

Published 02 October 2014

  • 114 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Canada Food & Drink Report

BMI View : The Canadian economy will continue to expand at a steady pace, as household consumption growth will remain supported by easy monetary policy and a gradually tightening labour market. We forecast real private consumption growth of 2.0% in 2014, a slight moderation from the 2.4% growth recorded in 2013. However, unemployment remains at 7.0% , and the pace of job formation is noticeably lagging the US. Moreover, recent quarters have seen expectations point to gradually tighter credit conditions. Coupled with central bank efforts to engineer a soft landing of the housing market , this will likely see household spending growth moderate in the coming quarters. Beyond this year, we forecast private consumption growth to rise t o 2.3% in 2015 and 2.4% in 2016 as the labour market steadily improves.

Headline Industry Forecasts (local currency)

  • 2014 per capita food consumption growth = +1.14% year-on-year (y-o-y); forecast compound annual growth rate (CAGR) 2013 to 2018 = +1.37%;

  • 2014 alcoholic drink sales growth = +3.65% y-o-y; forecast CAGR 2013 to 2018 = +4.27%;

  • 2014 soft drink sales growth = +3.62% y-o-y; forecast CAGR 2013 to 2018 = +3.96%;

  • 2014 mass grocery retail sales growth = +3.13% y-o-y; forecast CAGR 2013 to 2018 = +3.35%.

Key Industry Trends And Developments

Agropur's M&A Spree: In July 2014, Canadian dairy co-op Agropur announced the acquisition of Davisco Foods International's dairy processing assets in the US, Europe and China. Although the financial details of the deal were not disclosed, Agropur stated that it was the largest transaction in its 76-year history. Once the acquisition is finalised, Agropur will attain assets including three cheese processing factories and an ingredients plant in the US. Agropur also announced the acquisition of the dairy and food distribution units of local co-op Northumberland Dairy Cooperative. The transaction includes the Miramichi unit in New Brunswick in Canada, which processes 27mn...

Table of Contents

BMI Industry View
7
SWOT Analysis
9
Food
9
Drink
11
Mass Grocery Retail
13
Industry Forecast
15
Consumer Outlook
15
Food
17
Food Consumption
17
Table: Food Consumption Indicators - Historical Data & Forecasts, 2011-2018
18
Confectionery
18
Table: Confectionery Value/Volume Sales - Historical Data & Forecasts, 2011-2018
20
Canned Food
21
Table: Canned Food Value/Volume Sales - Historical Data & Forecasts, 2011-2018
21
Processed Fish
22
Table: Fish Volume Sales, Production & Trade - Historical Data & Forecasts, 2011-2018
23
Frozen Fruit & Vegetables
25
Table: Frozen Fruit & Vegetables Volume Sales, Production & Trade - Historical Data & Forecasts, 2011-2018
26
Oils & Fats
27
Table: Oils & Fats Volume Sales, Production & Trade - Historical Data & Forecasts, 2011-2018
27
Dairy
29
Table: Cheese Volume Sales, Production & Trade - Historical Data & Forecasts, 2011-2018
30
Drink
31
Alcoholic Drinks
31
Table: Alcoholic Drink Value/Volume Sales - Historical Data & Forecasts, 2011-2018
32
Soft Drinks
32
Table: Soft Drinks Value/Volume Sales - Historical Data & Forecasts, 2011-2018
34
Hot Drinks
34
Table: Hot Drink Value Sales - Historical Data & Forecasts, 2011-2018
35
Mass Grocery Retail
37
Table: Mass Grocery Retail Sales By Format - Historical Data & Forecasts, 2011-2018
39
Table: Sales Breakdown By Retail Format Type, %
39
Trade
40
Table: Trade Indicators - Historical Data & Forecasts, 2011-2018
41
Macroeconomic Forecasts
42
Table: Canada - Economic Activity
44
Market Overview
50
Food
50
Food Consumption
50
Food Processing
50
Confectionery
51
Dairy
52
Drink
54
Alcoholic Drinks
54
Soft Drinks
55
Hot Drinks
56
Mass Grocery Retail
57
Leading Players
57
Table: Structure Of Canada's Mass Grocery Retail Sector By Estimated Number of Outlets, 2003-2012
58
Table: Structure of Canada's Mass Grocery Retail Sector - Sales by Format (USDbn), 2003-2012
59
Table: Annual Average Value of Sales by Format (2012)
59
Industry Trends And Developments
60
Food
60
Key Industry Trends And Developments
60
Drink
69
Key Industry Trends And Developments
69
Mass Grocery Retail
75
Key Industry Trends And Developments
75
Competitive Landscape
79
Table: Key Players in Canada's Food Sector
79
Table: Key Players in Canada's Drink Sectors
79
Table: Key Players in Canada's Mass Grocery Retail Industry
80
Company Profile
82
Saputo
82
George Weston Ltd
85
Maple Leaf Foods
87
Corby Spirit And Wine Ltd
90
Cott Corp
92
Loblaw Companies Ltd
94
Metro Inc
97
Sobeys
100
Walmart
103
Global Industry Overview
105
Table: Food And Drink Core Views
117
Demographic Forecast
118
Demographic Outlook
118
Table: Canada's Population By Age Group, 1990-2020 ('000)
119
Table: Canada's Population By Age Group, 1990-2020 (% of total)
120
Table: Canada's Key Population Ratios, 1990-2020
121
Table: Canada's Rural And Urban Population, 1990-2020
121
Glossary
122
Food & Drink
122
Mass Grocery Retail
122
Methodology
124
Industry Forecast Methodology
124
Sector-Specific Methodology
125
Sources
125
Risk/Reward Rating Methodology
126
Table: Food & Drink Risk/Reward Rating Indicators
127
Table: Weighting
128

The Canada Food & Drink Report features Business Monitor International (BMI)'s market assessment and independent forecasts for food and drink expenditure, consumption, sales, and imports/exports and forecasts for the mass grocery retail sector. The report also includes analyses of major regulatory developments, the background macroeconomic outlook and competitive landscape comparing national and multinational companies by leading products and services, sales, investments, partners and expansion strategies.

BMI's Canada Food & Drink Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the food and drink industry and the mass grocery retail market in Canada.

Key Benefits

  • Benchmark BMI's independent food and drink industry forecasts for Canada to test other views - a key input for successful budgeting and strategic business planning in the Canadian food and drink market.
  • Target business opportunities and risks in Canada through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.
  • Exploit latest competitive intelligence on your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, and views, covering food and drink manufacturing and consumption and the retail market.

Business Environment Rankings

BMI's Food & Drink Business Environment Rankings provide a country-comparative Risk-Reward Rankings index aimed at investors, food and drink manufacturers and mass grocery retailers.

The rankings methodology makes sophisticated use of over 40 industry, economic and demographic data points.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the food, drink and mass grocery retail sectors, and within the broader political, economic and business environment.

Food Forecasts

BMI's food chapter is divided into sections such as Meat, Fish, Confectionary, Dairy and Canned Foods, and provides insight into a market's food industry, centred on a forecast to end-2018 for the sector. The chapter includes the following elements:

Industry Forecast Scenario - Historical data series and forecasts to end-2018 for growth of key indicators within a market's food industry. Including consumption, food consumption as % of GDP, canned food sales, confectionery sales and food and drink imports and exports, among others.

Industry Developments - A summary of corporate developments, including news on M&As, FDI, expansions, closures and financial results, in addition to analysis and explanation of the latest industry events and how these could influence further investment.

Market Overview - An overview of the structure of the market, introducing the key players and discussing underlying trends.

Drink Forecasts

Segmented the same way as BMI's food chapter, the drink section provides insight into the market's drink industry, centred on a forecast to end-2018 for the sector. Forecast indicators include alcoholic and soft drink sales by value, volume and sub-sector and tea and coffee sales, among others.

Mass Grocery Retail Forecasts

Segmented the same way as BMI's food and drink chapters, the mass grocery retail section provides insight into a market's grocery retail industry, centred on a forecast to end-201 for the sector. Forecast indicators include mass grocery retail sales by format (including supermarkets, hypermarkets, convenience and discount stores) and a breakdown for the organised retail sector versus the traditional sector, among others.

Competitive Landscape & Profiles

Illustration of the industry via rankings tables comparing revenues, number of outlets and number of employees. BMI analyses each company's market position, business strategies and investment potential.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc