Canada Food & Drink Report

Published 05 January 2015

  • 117 pages
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  • Includes 3 free updated quarterly reports
 
$1,295.00
Canada Food & Drink Report

BMI View: T he key theme for Canada's economy over the coming years will remain 'rebalancing', as private consumption and high oil prices can no longer be relied upon to provide robust economic growth. High household debt levels will require a period of prolonged deleveraging. Tighter regulation and macro-prudential measures introduced in 2012 to engineer a soft landing of the housing market are likely to restrict households from taking on more debt and weigh on spending growth over the coming years. We forecast average real private consumption growth of 2.2% between 2014 and 2018.

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

Burger King Takes Over Tim Hortons : In late 2014 the Canadian government granted final approval to US-based fast-food company Burger King Worldwide for its acquisition of Canadian coffee shop Tim Hortons. The CAD12.64bn (USD11.10bn) takeover makes Burger King the third-largest fast-food restaurant group in the world. Tim Hortons will continue to be managed as a separate brand and at least half of its board members will be Canadians. Burger King has announced its intention to expand Tim Hortons with more frequent opening of new restaurants.

Watchdog Probes Restrictive Trade Practices at Loblaw : According to documents filed with the Federal Court in late 2014, the Canadian Competition Bureau is looking into allegations that Canadian retailer Loblaw has engaged in 'restrictive trade practices' that could substantially lessen competition in the sale of grocery products. Earlier in the year the...

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 (Canada 2011-2018)
18
Confectionery
18
Table: Confectionery Value/Volume Sales, Production & Trade (Canada 2011-2018)
19
Canned Food
19
Processed Fish
20
Frozen Fruit & Vegetables
20
Table: Frozen Fruit & Vegetables Volume Sales, Production & Trade (Canada 2013-2018)
21
Oils & Fats
21
Dairy
21
Table: Dairy Trade (Canada 2013-2018)
22
Drink
23
Alcoholic Drinks
23
Table: Alcoholic Drinks Value/Volume Sales, Production & Trade (Canada 2013-2018)
24
Soft Drinks
25
Table: Soft Drinks Sales, Production & Trade (Canada 2013-2018)
26
Hot Drinks
26
Table: Hot Drink Value/Volume Sales, Production & Trade (Canada 2013-2018)
26
Mass Grocery Retail
27
Table: Mass Grocery Retail Sales By Format (Canada 2013-2018)
28
Table: Sales Breakdown By Retail Format Type, %
28
Trade
29
Table: Trade Balance (Canada 2013-2018)
29
Macroeconomic Forecasts
30
Economic Analysis
30
Table: GDP By Expenditure (Canada 2011-2018)
36
Market Overview
38
Food
38
Food Consumption
38
Food Processing
38
Confectionery
39
Dairy
40
Drink
42
Alcoholic Drinks
42
Soft Drinks
43
Hot Drinks
44
Mass Grocery Retail
45
Leading Players
45
Table: Structure Of Mass Grocery Retail Market By Estimated Number Of Outlets (Canada 2005-2014)
46
Table: Mass Grocery Retail Sales By Format, USD (Canada 2005-2014)
47
Table: Mass Grocery Retail Sales By Format, CAD (Canada 2005-2014)
47
Table: Annual Average Value of Sales by Format (2012)
47
Industry Trends And Developments
48
Food
48
Drink
55
Mass Grocery Retail
59
Competitive Landscape
63
Table: Key Players In Canada's Food Sector
63
Table: Key Players In Canada's Drink Sectors
63
Table: Key Players In Canada's Mass Grocery Retail Industry
64
Company Profile
66
Saputo
66
George Weston Ltd
69
Maple Leaf Foods
72
Corby Spirit And Wine Ltd
74
Cott Corp
76
Loblaw Companies Ltd
78
Metro Inc
81
Sobeys
84
Walmart
87
Global Industry Overview
89
Table: Select Food Companies - R&D And Advertising Financials
95
Table: Food And Drink Core Views
97
Demographic Forecast
98
Demographic Outlook
98
Table: Canada's Population By Age Group, 1990-2020 ('000)
99
Table: Canada's Population By Age Group, 1990-2020 (% of total)
100
Table: Canada's Key Population Ratios, 1990-2020
101
Table: Canada's Rural And Urban Population, 1990-2020
101
Glossary
102
Food & Drink
102
Mass Grocery Retail
102
Methodology
104
Industry Forecast Methodology
104
Sector-Specific Methodology
105
Sources
105
Risk/Reward Rating Methodology
106
Table: Food & Drink Risk/Reward Rating Indicators
107
Table: Weighting
108

The Canada Food & Drink Report features BMI Research'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 mass grocery retail market.

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.

BMI’s Food and Drink Risk Reward Index

BMI’s Risk Reward Index provides investors (food and drink manufacturers and mass grocery retailers) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic points. These provide indices of highest to lowest appeal to investors, with each position explained.

Food Forecasts

BMI’s food chapter is divided into sections such as meat, fish, confectionary, dairy and canned foods, and provides insight into each market’s food industry, centred on a forecast to end-2019 for the sector. The chapter includes the following elements:

  • Industry Forecast Scenario: Historical data series and a forecast to end-2019 for growth of key indicators within a market’s food industry. Indicators include food 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 each market’s drink industry, centred on a forecast to end-2019 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 each market’s grocery retail industry, centred on a forecast to end-2019 for the sector. Forecast indicators include mass grocery retail sales by format (including supermarkets, hypermarkets, convenience and discount stores) and a breakdown of the organised retail sector versus the traditional sector, among others.

Competitive Landscape

Illustration of the mass grocery retail and food and drink industries via rankings tables comparing revenues, number of outlets and number of employees. This chapter also includes data-rich, in-depth regional analysis of the market position, business strategies and investment potential of the region’s leading mass grocery retail and food and drink operators.

Company Profiles*

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

Sources

The Food & Drink reports draw on an extensive network primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.

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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