Organic Food in Canada

Key Highlights

• Organic food refers to food products that are grown and produced using methods that avoid the use of synthetic pesticides, chemical fertilizers, genetically modified organisms (GMOs), and artificial additives. Market values considered based on retail selling price (RSP).
• The Canadian organic food market recorded revenues of $7.67 billion in 2023, representing a compound annual growth rate (CAGR) of 15.4% between 2018 and 2023.
• The bread & grains segment accounted for the market's largest proportion in 2023, with total revenues of $3.13 billion, equivalent to 40.9% of the market's overall value.
• The growth of the Canadian organic food market is driven by high disposable income and significant consumer spending on premium and higher-quality grocery products According to Statistics Canada, in Q1 2024, consumer spending in Canada reached CAD1,345.3 billion ($996.9 billion), up 0.7% over Q4 2023.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the organic food market in Canada
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the organic food market in Canada
• Leading company profiles reveal details of key organic food market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the Canada organic food market with five year forecasts by both value and volume

Reasons to Buy

• What was the size of the Canada organic food market by value in 2023?
• What will be the size of the Canada organic food market in 2028?
• What factors are affecting the strength of competition in the Canada organic food market?
• How has the market performed over the last five years?
• Who are the top competitors in Canada's organic food market?