Frozen Food Wholesaling in Canada - Industry Market Research Report

Frozen Food Wholesaling in Canada - Industry Market Research Report

Frozen Food Wholesaling in Canada

The Frozen Food Wholesaling industry in Canada has experienced growth over the past five years, with revenue forecast to rise at a CAGR of 2.0% to $64.4 billion over the five years to 2023, including 3.0% growth in 2023 alone. Despite this growth, revenue declined 2.7% in 2021 as downstream customers stopped stocking frozen food once the pandemic subsided. Specifically, easing social distancing restrictions and buoying vaccine rollouts allow customers to choose fresh food. Over the past five years, the industry has benefited from increased demand for goods, with an improving economy and rising incomes stimulating increased consumer spending during most of the reporting period. This has bolstered demand from downstream outlets such as retailers and food service providers. In addition, many upstream food processors have worked to provide more healthy versions of goods such as frozen foods, which has helped to stimulate increased demand. Industry growth has also been stimulated by a rising consumer price index for food, which has grown the value of frozen food.

The Frozen Food Wholesaling industry in Canada sells an array of frozen and other grocery products. Wholesaling in this industry involves the resale of food products to downstream sectors, including restaurants, food service outlets, grocery stores and other retailers and wholesalers.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.