Hog & Pig Farming in Canada - Industry Market Research Report

Hog & Pig Farming in Canada - Industry Market Research Report

Hog & Pig Farming in Canada

Despite steady decline leading into the period, Canadian hog and pig farmers have had strong growth in recent years, anchored by rising prices amid the COVID-19 pandemic, despite falling per capita pork consumption. Price volatility has continued over the past five years, which has limited opportunities for industry growth, as have supply chain disruptions associated with the pandemic, which pushed prices higher. Despite growing competition from other protein substitutes, industry revenue has been growing at a CAGR of 5.4% over the past five years and is expected to total $7.4 billion in 2023.

Operators in the Hog and Pig Farming industry in Canada primarily farm hogs and pigs in farrow-to-finish operations that include breeding, farrowing, weaning and raising feeder pigs or market size hogs. The term pig usually refers to the domestic mammal when it is young or small, while hog is the name typically given to domesticated pigs that weigh more than 54.0 kilograms. While hog feedlots are included in the industry, the transportation of the livestock is not.

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.