Company Logo



Home industry food-and-beverage Food and Beverages in Canada Are Taken Over By Sugar and Soft Drinks

Food and Beverages in Canada Are Taken Over By Sugar and Soft Drinks


Food And Beverage

 FCC, Sugar, Soft Drinks, Food and Beverages

Rising sales of sugar, confectionery, and non-alcoholic soft drinks drive Canada’s food and beverage sector to growth in 2024.

The midyear update of the Farm Credit Canada (FCC) Food and Beverage Report says sales of sugar and confectionery products and non-alcoholic soft drinks will drive growth in Canada's food and beverage sector in the months ahead. A 16.9 accretion over 2023 can be projected from both demand and input sides of sugar and confectionery consumption.

This year Canadians are spending more on food and non-alcoholic beverages in comparison to last year, said Amanda Norris, the FCC’s Senior Economist. But she said retail prices are still much higher than they were four years earlier, leading to a mixed overall consumption pattern.

The first forecast for 2024 was a 1.4 percent decline in sales, but it’s improved to 0.7 percent as a slight uptick. In the first half of last year, more food categories, including bakery items, dairy, seafood, were selling more; but experts are worried that the gains may not carry on the rest of the year, as commodity prices stabilize.

Beverage sales in the first half fell 6.6 percent, but are still expected to recover through robust non-alcoholic soft drink sales. But wine sales are expected to slump to 2019 levels after big increases during the pandemic.

Inflationary pressures may ease overall soft sales in food and beverage, says Norris for the next five years. Manufacturers, retailers and distributors are responding in part by discount stores, private labels and value size offerings. Even in 2025 gross margins for the sector should improve more substantially as input costs stabilize.


Business News


Recommended News


Most Featured Companies

ciobulletin-aatrix software.jpg ciobulletin-abbey research.jpg ciobulletin-anchin.jpg ciobulletin-croow.jpg ciobulletin-keystone employment group.jpg ciobulletin-opticwise.jpg ciobulletin-outstaffer.jpg ciobulletin-spotzer digital.jpg ciobulletin-virgin incentives.jpg ciobulletin-wool & water.jpg ciobulletin-archergrey.jpg ciobulletin-canon business process services.jpg ciobulletin-cellwine.jpg ciobulletin-digital commerce bank.jpg ciobulletin-epic golf club.jpg ciobulletin-frannexus.jpg ciobulletin-growth institute.jpg ciobulletin-implantica.jpg ciobulletin-kraftpal technologies.jpg ciobulletin-national retail solutions.jpg ciobulletin-pura.jpg ciobulletin-segra.jpg ciobulletin-the keith corporation.jpg ciobulletin-vivolor therapeutics inc.jpg ciobulletin-cox.jpg ciobulletin-lanner.jpg ciobulletin-neuro42.jpg ciobulletin-Susan Semmelmann Interiors.jpg ciobulletin-alpine distilling.jpg ciobulletin-association of black tax professionals.jpg ciobulletin-c2ro.jpg ciobulletin-envirotech vehicles inc.jpg ciobulletin-leafhouse financial.jpg ciobulletin-stormforge.jpg ciobulletin-tedco.jpg ciobulletin-transigma.jpg ciobulletin-retrain ai.jpg
ciobulletin-abacus semiconductor corporation.jpg ciobulletin-agape treatment center.jpg ciobulletin-cloud4wi.jpg ciobulletin-exponential ai.jpg ciobulletin-lexrock ai.jpg ciobulletin-otava.jpg ciobulletin-resecurity.jpg ciobulletin-suisse bank.jpg ciobulletin-wise digital partners.jpg ciobulletin-appranix.jpg ciobulletin-autoreimbursement.jpg ciobulletin-castle connolly.jpg ciobulletin-cgs.jpg ciobulletin-dth expeditors.jpg ciobulletin-form.jpg ciobulletin-geniova.jpg ciobulletin-hot spring it.jpg ciobulletin-kirkman.jpg ciobulletin-matrix applications.jpg ciobulletin-power hero.jpg ciobulletin-rittenhouse.jpg ciobulletin-stt logistics group.jpg ciobulletin-upstream works.jpg ciobulletin-x2engine.jpg ciobulletin-kastle.jpg ciobulletin-logix.jpg ciobulletin-preclinical safety (PCS) consultants ltd.jpg ciobulletin-xcastlabs.jpg ciobulletin-american battery solutions inc.jpg ciobulletin-book4time.jpg ciobulletin-d&l education solutions.jpg ciobulletin-good good natural sweeteners llc.jpg ciobulletin-sigmetrix.jpg ciobulletin-syncari.jpg ciobulletin-tier44 technologies.jpg ciobulletin-xaana.jpg

Latest Magazines

© 2024 CIO Bulletin Inc. All rights reserved.