Business Monitor International


Canada Food & Drink Report

Published 25 March 2014

  • 114 pages
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$1,295.00
Canada Food & Drink Report

BMI View : The most important challenge for private consumption growth in Canada over the next two to three years is the daunting level of private debt that has continued to build up in the past five years . We therefore do not expect major growth in the value of Canada's food and drink markets over the short term, partly on account of their maturity and partly due to the expectations that Canadian households will continue to face deleveraging, which is likely to hold back discretionary spending.   However, opportunities remain manifested by trends such as increased health consciousness and the receptiveness of consumers to innovation and marketing. Busy lifestyles and an increasing number of working women will promote sales of convenient, easy-to-prepare products.

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) 2014 to 2018 = +1.15%;

  • 2014 alcoholic drink sales growth = +3.65% y-o-y; forecast CAGR 2014 to 2018 = +5.03%;

  • 2014 soft drink sales growth = +3.62% y-o-y; forecast CAGR 2014 to 2018 = +3.97%;

  • 2014 mass grocery retail sales growth = +3.13% y-o-y; forecast CAGR 2014 to 2018 = +2.72%.

Key Industry Trends And Developments

Saputo Confirms Interest in Overseas Acquisitions: In June 2014, CEO Lino Saputo confirmed that the dairy giant is examining further possible acquisitions in Australia, the US, Canada and Latin America. In the United States, potential acquisitions could cost less than CAD100mn to as much as CAD4bn. He added that the company may also look for acquisitions in Canada worth around CAD100mn and is eager to add to its new foothold in Australia, where seven or eight players control up to 95% of the dairy industry. Due to their growing middle classes, Latin American countries, such as Brazil, are also attractive according to Saputo

Cott Diversifies Portfolio Further: In May 2014 Canadian soft drinks giant Cott...

Table of Contents

BMI Industry View
7
SWOT Analysis
8
Food Industry SWOT
8
Drink Industry SWOT
9
Mass Grocery Industry SWOT
10
Global Industry Overview
11
BMI's Core Global Industry Views
11
Table: Core Views
17
Macroeconomic Forecast
18
Table: GDP By Expenditure
23
Industry Forecast
24
Consumer Outlook
24
Food
26
Food Consumption
26
Table: Food Consumption Indicators - Historical Data & Forecasts, 2012-2017
27
Confectionery
28
Table: Confectionery Value Sales - Historical Data & Forecasts, 2012-2017
29
Canned Food
29
Table:: Canned Food Value Sales - Historical Data & Forecasts, 2012-2017
30
Processed Fish
30
Table: Fish Volume Sales, Production & Trade - Historical Data & Forecasts, 2012-2017
30
Frozen Fruit & Vegetables
31
Table: Frozen Fruit & Vegetables Volume Sales, Production & Trade - Historical Data & Forecasts, 2012-2017
31
Oils & Fats
32
Table: Oils & Fats Volume Sales, Production & Trade - Historical Data & Forecasts, 2012-2017
32
Dairy
33
Table: Cheese Volume Sales, Production & Trade - Historical Data & Forecasts, 2012-2017
33
Drink
34
Alcoholic Drinks
34
Table: Alcoholic Drink Value/Volume Sales - Historical Data & Forecasts, 2012-2017
35
Hot Drinks
37
Table: Hot Drink Value Sales - Historical Data & Forecasts, 2012-2017
38
Soft Drinks
39
Table: Soft Drinks Value/Volume Sales - Historical Data & Forecasts, 2012-2017
39
Mass Grocery Retail
40
Table: Mass Grocery Retail Sales By Format - Historical Data & Forecasts, 2012-2017
41
Table: Sales Breakdown By Retail Format Type
42
Trade
43
Table: Trade Indicators - Historical Data & Forecasts, 2012-2017
44
Food
45
Key Industry Trends And Developments
45
Product Recalls Weigh On Food Industry
45
Dean Foods Sells Morningstar Dairy Business To Saputo
45
Saputo's Recovery In Challenging Environment
46
Maple Leaf Foods Improves Margins In Challenging Environment
46
McCain Strenghtens Its Core Potato Business
47
Agropur And Agrifoods To Continue Manufacturing Yoplait
47
US Groups Strengthen Presence In Canada
47
Investment In Capacity
48
Interest In Healthy Alternatives
48
Market Overview
49
Food Consumption
49
Food Processing
49
Confectionery
50
Dairy
50
Drink
52
Key Industry Trends And Developments
52
Molson Coors Looking To Grow Via New Product Launches
52
Consumption Of Wine Increasing
52
Florida Ice And Farm Building North American Exposure
54
Minimum Pricing Policy Reduces Consumption Of Strong Beer
54
Growth Of Coffee Capsules
55
Market Overview
55
Alcoholic Drinks
55
Hot Drinks
56
Soft Drinks
56
Mass Grocery Retail
58
Key Industry Trends And Developments
58
Target Poised To Enter Canada
58
Walmart Ramping Up Expansion
58
Contrasting Performance For Incumbents
58
Couche-Tard Aims To Expand Into Europe
59
Market Overview
59
Leading Players
60
Table: Structure Of Canada's Mass Grocery Retail Sector By Estimated Number of Outlets
61
Competitive Landscape
62
Table: Key Players In Canada's Food Sector
62
Table: Key Players In Canada's Drink Sectors
63
Table: Key Players In Canada's Mass Grocery Retail Industry
64
Company Profile
65
Food
65
Saputo
65
George Weston Ltd
67
Maple Leaf Foods
69
Drink
71
Corby Distilleries
71
Cott Corp
73
Mass Grocery Retail
74
Loblaw Companies Ltd
74
Metro Inc
76
Sobeys
78
Walmart
80
Demographic Forecast
82
Table: Canada's Population By Age Group, 1990-2020 ('000)
83
Table: Canada's Population By Age Group, 1990-2020 (% of total)
84
Table: Canada's Key Population Ratios, 1990-2020
85
Table: Canada's Rural And Urban Population, 1990-2020
85
Glossary
86
Food & Drink
86
Mass Grocery Retail
86
BMI Food & Drink Forecasting & Sourcing
88
How We Generate Our Industry Forecasts
88
Sourcing
89
Methodology
90
Risk/Reward Ratings Methodology
90
Table: Rewards
90
Table: Risks
91
Weighting
91
Table: Weighting
91

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