The Canada plant-based food and beverage market is forecasted to progress with a CAGR of 10.22% during the studied period. The country’s market growth is attributed to the presence of leading plant-based food manufacturers, the initiatives undertaken by the government, and measures to develop dairy and meat alternatives with a favorable environmental footprint. While the base year considered for the market study is 2020, the forecast period is from 2021 to 2026.
CANADA PLANT-BASED FOOD AND BEVERAGE MARKET FORECAST 2021-2026
Canada Plant-based Food and Beverage Market by Product Type ( Plant-based Dairy, Plant-based Meat, Plant-based Other Products ) Market by Source ( Soy, Wheat, Almond, Corn, Other Sources ) Market by Distribution Channels ( Supermarkets/hypermarkets, Convenience Stores, Specialty Stores, Online Retail, Other Distribution Channels ) by Geography.
The Canada plant-based food and beverage market is forecasted to progress with a CAGR of 10.22% during the studied period. The country’s market growth is attributed to the presence of leading plant-based food manufacturers, the initiatives undertaken by the government, and measures to develop dairy and meat alternatives with a favorable environmental footprint. While the base year considered for the market study is 2020, the forecast period is from 2021 to 2026. 
To learn more about this report, request a free sample copy
Canada is home to several leading plant-based food manufacturing companies, such as Maple Leaf Foods Inc, Daiya Foods Inc, McCain Foods, and others. The government of Canada has also recognizes plant-based foods as an essential and rapidly progressing industry. In this regard, the federal government included the plant protein sector within its ‘Supercluster Initiative’ and made a $140 million investment towards facilitating its development.
On the other hand, the rise in vegan culture is a significant growth component, leading to the increased consumption of plant-based food and beverages. Social media platforms like Instagram have also enabled people to establish compassion-driven attempts to lead an ethical, healthy, as well as a sustainable lifestyle without contributing to the suffering of animals. Therefore, these factors are expected to drive the plant-based food and beverage market in Canada over the forecast period.
Daiya Foods Inc, headquartered in Vancouver, Canada, is a dairy alternative food company. It primarily provides soy, dairy, and gluten-free pizza, in addition to cream cheese style spreads, shreds, slices, and wedges. The company’s product offerings are free of the majority of common allergens, such as dairy, including lactose and casein, egg, soy, peanuts, gluten, and tree nuts, except coconut. Daiya’s products have 0g of trans fats and cholesterol and constitute only 90 calories per serving.
To request a free sample copy of this report, please complete the form below:
We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.
- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- COUNTRY SNAPSHOT
- COUNTRY ANALYSIS
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY ANALYTICS
- IMPACT OF COVID-19 ON PLANT-BASED FOOD AND BEVERAGE MARKET
- KEY INVESTMENT INSIGHTS
- PORTER’S FIVE FORCES ANALYSIS
- BUYERS POWER
- SUPPLIERS POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- MARKET BY PRODUCT TYPE
- PLANT-BASED DAIRY
- PLANT-BASED MEAT
- PLANT-BASED OTHER PRODUCTS
- MARKET BY SOURCE
- SOY
- WHEAT
- ALMOND
- CORN
- OTHER SOURCES
- MARKET BY DISTRIBUTION CHANNELS
- SUPERMARKETS/HYPERMARKETS
- CONVENIENCE STORES
- SPECIALTY STORES
- ONLINE RETAIL
- OTHER DISTRIBUTION CHANNELS
- COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- PRODUCT LAUNCHES & DEVELOPMENTS
- PARTNERSHIPS & AGREEMENTS
- COMPANY PROFILES
- DAIYA FOODS INC
- DANONE SA
- FIELD ROAST GRAIN MEAT CO INC
- IMPOSSIBLE FOODS INC
- THE HAIN CELESTIAL GROUP INC
- KEY STRATEGIC DEVELOPMENTS
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – PLANT-BASED FOOD AND BEVERAGES
TABLE 2: CANADA PLANT-BASED FOOD AND BEVERAGE MARKET, BY PRODUCT TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 3: CANADA PLANT-BASED FOOD AND BEVERAGE MARKET, BY PRODUCT TYPE, FORECAST YEARS, 2021-2026 (IN $ MILLION)
TABLE 4: CANADA PLANT-BASED FOOD AND BEVERAGE MARKET, BY SOURCE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 5: CANADA PLANT-BASED FOOD AND BEVERAGE MARKET, BY SOURCE, FORECAST YEARS, 2021-2026 (IN $ MILLION)
TABLE 6: CANADA PLANT-BASED FOOD AND BEVERAGE MARKET, BY DISTRIBUTION CHANNELS, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 7: CANADA PLANT-BASED FOOD AND BEVERAGE MARKET, BY DISTRIBUTION CHANNELS, FORECAST YEARS, 2021-2026 (IN $ MILLION)
TABLE 8: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 9: LIST OF PARTNERSHIPS & AGREEMENTS
LIST OF FIGURES
FIGURE 1: KEY INVESTMENT INSIGHTS
FIGURE 2: PORTER’S FIVE FORCES ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: CANADA PLANT-BASED FOOD AND BEVERAGE MARKET, GROWTH POTENTIAL, BY PRODUCT TYPE, IN 2020
FIGURE 5: CANADA PLANT-BASED FOOD AND BEVERAGE MARKET, BY PLANT-BASED DAIRY, 2021-2026 (IN $ MILLION)
FIGURE 6: CANADA PLANT-BASED FOOD AND BEVERAGE MARKET, BY PLANT-BASED MEAT, 2021-2026 (IN $ MILLION)
FIGURE 7: CANADA PLANT-BASED FOOD AND BEVERAGE MARKET, BY PLANT-BASED OTHER PRODUCTS, 2021-2026 (IN $ MILLION)
FIGURE 8: CANADA PLANT-BASED FOOD AND BEVERAGE MARKET, GROWTH POTENTIAL, BY SOURCE, IN 2020
FIGURE 9: CANADA PLANT-BASED FOOD AND BEVERAGE MARKET, BY SOY, 2021-2026 (IN $ MILLION)
FIGURE 10: CANADA PLANT-BASED FOOD AND BEVERAGE MARKET, BY WHEAT, 2021-2026 (IN $ MILLION)
FIGURE 11: CANADA PLANT-BASED FOOD AND BEVERAGE MARKET, BY ALMOND, 2021-2026 (IN $ MILLION)
FIGURE 12: CANADA PLANT-BASED FOOD AND BEVERAGE MARKET, BY CORN, 2021-2026 (IN $ MILLION)
FIGURE 13: CANADA PLANT-BASED FOOD AND BEVERAGE MARKET, BY OTHER SOURCES, 2021-2026 (IN $ MILLION)
FIGURE 14: CANADA PLANT-BASED FOOD AND BEVERAGE MARKET, GROWTH POTENTIAL, BY DISTRIBUTION CHANNELS, IN 2020
FIGURE 15: CANADA PLANT-BASED FOOD AND BEVERAGE MARKET, BY SUPERMARKETS/HYPERMARKETS, 2021-2026 (IN $ MILLION)
FIGURE 16: CANADA PLANT-BASED FOOD AND BEVERAGE MARKET, BY CONVENIENCE STORES, 2021-2026 (IN $ MILLION)
FIGURE 17: CANADA PLANT-BASED FOOD AND BEVERAGE MARKET, BY SPECIALTY STORES, 2021-2026 (IN $ MILLION)
FIGURE 18: CANADA PLANT-BASED FOOD AND BEVERAGE MARKET, BY ONLINE RETAIL, 2021-2026 (IN $ MILLION)
FIGURE 19: CANADA PLANT-BASED FOOD AND BEVERAGE MARKET, BY OTHER DISTRIBUTION CHANNELS, 2021-2026 (IN $ MILLION)
- MARKET BY PRODUCT TYPE
- PLANT-BASED DAIRY
- PLANT-BASED MEAT
- PLANT-BASED OTHER PRODUCTS
- MARKET BY SOURCE
- SOY
- WHEAT
- ALMOND
- CORN
- OTHER SOURCES
- MARKET BY DISTRIBUTION CHANNELS
- SUPERMARKETS/HYPERMARKETS
- CONVENIENCE STORES
- SPECIALTY STORES
- ONLINE RETAIL
- OTHER DISTRIBUTION CHANNELS
To request a free sample copy of this report, please complete the form below :
We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.