Vegetable Farming in Canada - Market Research Report (2014-2029)

Taking root: Prices for industry products are expected to continue climbing, supporting a rise in profit

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.

Vegetable farmers in Canada have experienced growth through the end of 2023. Demand for industry products has been supported by an increased focus on eating healthier foods. The industry has also benefited from increased demand from downstream industries such as vegetable processors, wholesalers and grocery stores. Market forces have increased vegetable prices, which has further fomented the industry's expansion. As a result, revenue is expected to grow at a CAGR of 4.1% to $4.7 billion through the end of 2023, when revenue will jump by an estimated 4.5%. In addition, despite the adverse economic effects of COVID-19, revenue is still expected to rise due to the nondiscretionary nature of the industry's goods.

The Vegetable Farming industry in Canada comprises operators that primarily grow vegetables and melons. Operators that primarily produce vegetable and melon seeds and vegetable and melon bedding plants are also included in this industry.