Canned Fruit & Vegetable Processing in Canada - Market Research Report (2013-2028)
New York, United States
Last Updated: August 2023
NAICS 31142CARevenue
$3.8bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
7,932
Businesses
248
Wages
$XXX.Xm
Canned Fruit & Vegetable Processing in Canada industry analysis
Canned fruit and vegetable processors in Canada manufacture vegetable-based sauces, soups, canned produce, juices and dehydrated fruits and vegetables. Expanding health concerns regarding some of canned fruit and vegetable processors' products and boosting income levels have prompted consumers to turn to fresher or premium alternative goods. Despite manufacturers' efforts to introduce healthier brand extensions and safer packaging, demand for canned fruit and vegetable products has waned, pressuring canned fruit and vegetable processors' revenue. During the current period, boosted production from some processors has helped to mitigate overall losses. IBISWorld expects revenue for canned fruit and vegetable processing in Canada to dip at a CAGR of 1.2% to reach $3.8 billion through the end of 2023, despite a forecast boost of 14.3% in 2023.In addition to the complications canned fruit and vegetable processors in Canada have endured due to swelling health concerns, the intense competition from international trade has persisted through the end of 2023, with imports expected to satisfy 74.7% of domestic demand in 2023. The leading producers of canned food have endured strengthening competition from generic brands. In turn, the leading canned fruit and vegetable processors have kept their product prices low to compete with private-label products, lowering profit expansion. The stiff competition has prompted some to leave the industry. Demand will expand in 2022 and 2023 after falling in 2021 amid the spread of COVID-19, which prompted the government to issue fiscal stimulus payments, effectively boosting domestic per capita disposable income and strengthening spending on fresh and premium produce.Through the end of 2028, the recent dip in demand for canned fruit and vegetable products will continue. Consumers will expansively opt for fresh produce and ingredients, rather than canned food products. While processors will develop new and healthier products with safer packaging, this will only serve to lessen the rate of decline. With an improvement in the domestic economy and a swell in disposable incomes through the end of 2028, consumers will boost consumption of premium products, like organic produce and frozen meals, harming canned fruit and vegetable processors' performance. In turn, these processors' revenue is forecast to dip at a CAGR of 1.3% to total $3.6 billion through the end of 2028.
Trends and Insights
- Canadian canned fruit and vegetable processors found temporary relief from COVID-19, which prompted consumers to stockpile canned goods. Canned fruit and vegetable sales’ long-term downward trend briefly reversed in 2020.
- Canned fruit and vegetable sales are subject to economic fluctuations, while ketchup and tomato-based sauces are pantry staples. When the economy expands, consumers tend to replace canned produce with fresh.
- Canned fruit and vegetable processors often locate in Ontario and British Columbia, regions with ideal agricultural conditions like fertile land and favourable climates. Having established transportation networks also make these regions desirable to processors.
- Price competition prevents significant market domination. Since canned produce is known for being economical, price is a considerable basis of competition for canned fruit and vegetable processors.
Industry Overview
Market size and recent performance (2013-2028)
Industry revenue has declined at a CAGR of 1.2 % over the past five years, to reach an estimated $3.8bn in 2023.
Trends and Insights
Canned produce gets a bad rap
- Companies that produce fruit and vegetable juices, soups or other canned goods with artificial flavours or added sugar are fighting an uphill battle with boosting health consciousness.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to decline over the next five years.
Trends and Insights
Health concerns contribute to dipping demand
- As the Canadian population ages and the incidences of health complications like heart disease and diabetes expand, more consumers will focus more closely on their diets and seek healthier alternatives in supermarkets and restaurants.
Biggest companies in the Canned Fruit & Vegetable Processing in Canada
| Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
|---|---|---|---|---|
Bonduelle Canada | 134.4 | 3.9 | 2.9 | |
McCormick & Company Inc. | 98.7 | 14.3 | 14.5 | |
Conagra Brands | 50.9 | 7.9 | 15.5 |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Canned fruits and vegetables, Canned fruit and vegetable juices and Ketchup and other sauces. Canned fruits and vegetables is the largest segment of the Canned Fruit & Vegetable Processing in Canada.
Trends and Insights
Canned fruits and vegetables replace fresh produce in times of economic distress
- Fruits and vegetables are canned through a variety of methods that reduce the perishability of the product.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Dairy Product Production in Canada
- Seasoning, Sauce and Condiment Production in Canada
- Juice Production in Canada
Complementors
- Meat, Beef & Poultry Processing in Canada
- Chicken & Turkey Meat Production in Canada
International industries
- Global Fruit & Vegetable Processing
- Canned Fruit & Vegetable Processing in the US
- Dried Fruit & Vegetable Snack Production in the US
- Pre-Made Salsa Production in the US
- Fruit and Vegetable Processing in Australia
Table of Contents
About this industry
Industry definition
Operators in the Canned Fruit and Vegetable Processing industry in Canada purchase fruits and vegetables and process them with other ingredients to create a variety of food products including canned fruit and vegetables, juices and drinks (except frozen), canned soups (except seafood), jams, baby food, sauces and dehydrated fruits and vegetables. The final products are then packaged and sold to consumers at various retail channels.
What's included in this industry?
Processing fruit and vegetable juicesProcessing ketchup, tomato paste, horseradish, vinegar and other saucesProcessing canned fruits, vegetables and beansProcessing soup, stews and bouillonProcessing dried and dehydrated fruits and vegetables, including salad mixesProcessing baby food, jams, jellies and pickled productsCompanies
Bonduelle CanadaMcCormick & Company Inc.Conagra BrandsPurchase this report to view all 4 major companies in this industry.
Related Terms
FRESH PRODUCEBOUILLONBISPHENOL A (BPA)POLYETHYLENEECONOMIES OF SCALEIndustry Code
NAICS 311420 - Canned Fruit & Vegetable Processing in Canada
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Canadian canned fruit and vegetable processors found temporary relief from COVID-19, which prompted consumers to stockpile canned goods. Canned fruit and vegetable sales’ lon...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2013-2022) and forecast (2023-2028)
- Employees, including historical (2013-2022) and forecast (2023-2028)
- Businesses, including historical (2013-2022) and forecast (2023-2028)
- Profit, including historical (2013-2023)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Canned fruit and vegetable sales are subject to economic fluctuations, while ketchup and tomato-based sauces are pantry staples. When the economy expands, consumers tend to r...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2023
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2023
- Major market segmentation in 2023
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Canned fruit and vegetable processors often locate in Ontario and British Columbia, regions with ideal agricultural conditions like fertile land and favourable climates. Havi...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each province
- Share of population compared to establishments in each region in 2023
Tables
- Number and share of establishments in each province in 2023
- Number and share of revenue each province accounts for in 2023
- Number and share of wages each province accounts for in 2023
- Number and share of employees in each province in 2023
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Price competition prevents significant market domination. Since canned produce is known for being economical, price is a considerable basis of competition for canned fruit an...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2018-2023
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Amid sluggish domestic demand, prominent canned fruit and vegetable processors are looking abroad to boost sales. In 2021, McCormick acquired FONA International, a manufactur...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2019 through 2023
- Major companies in the industry, including market share, revenue, profit and profit margin in 2023
- Overview of Bonduelle Canada's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of McCormick & Company Inc.'s performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Conagra Brands's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of revenue, market share and profit margin trend for one additional company
Detailed analysis
- Description and key data for Bonduelle Canada, and factors influencing its performance in the industry
- Description and key data for McCormick & Company Inc., and factors influencing its performance in the industry
- Description and key data for Conagra Brands, and factors influencing its performance in the industry
- Description, key data and performance trends for one additional company
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
COVID-19 assistance contributed to already inflated sales. Stockpiling and low consumer confidence in 2020 helped drive demand for canned fruit and vegetable processing throu...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2013-2028)
- Assistance historical data and forecast (2013-2028)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Profit continues to fall despite inflated demand amid COVID-19. Broader trends away from canned fruit and vegetable products are dragging profit down.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Investment vs. share of economy
Data tables
- Liquidity Ratios (2016-2021)
- Coverage Ratios (2016-2021)
- Leverage Ratios (2016-2021)
- Operating Ratios (2016-2021)
- Assets (2016-2021)
- Liabilities (2016-2021)
- Cash Flow & Debt Service Ratios (2013-2028)
- Revenue per Employee (2013-2028)
- Revenue per Enterprise (2013-2028)
- Employees per Establishment (2013-2028)
- Employees per Enterprise (2013-2028)
- Average Wage (2013-2028)
- Wages/Revenue (2013-2028)
- Establishments per Enterprise (2013-2028)
- IVA/Revenue (2013-2028)
- Imports/Demand (2013-2028)
- Exports/Revenue (2013-2028)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2013-2028)
- IVA (2013-2028)
- Establishments (2013-2028)
- Enterprises (2013-2028)
- Employment (2013-2028)
- Exports (2013-2028)
- Imports (2013-2028)
- Wages (2013-2028)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Canada include:
- Statistics Canada
- Industry Canada
- Canadian Business Patterns
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Canned Fruit & Vegetable Processing industry in Canada in 2024?
The market size of the Canned Fruit & Vegetable Processing industry in Canada is $3.8bn in 2024.
How many businesses are there in the Canned Fruit & Vegetable Processing in Canada industry in 2023?
There are 248 businesses in the Canned Fruit & Vegetable Processing industry in Canada, which has declined at a CAGR of 0.6 % between 2018 and 2023.
Has the Canned Fruit & Vegetable Processing industry in Canada grown or declined over the past 5 years?
The market size of the Canned Fruit & Vegetable Processing industry in Canada has been declining at a CAGR of 1.2 % between 2018 and 2023.
What is the forecast growth of the Canned Fruit & Vegetable Processing industry in Canada over the next 5 years?
Over the next five years, the Canned Fruit & Vegetable Processing industry in Canada is expected to decline.
What are the biggest companies in the Canned Fruit & Vegetable Processing market in Canada?
The biggest companies operating in the Canned Fruit & Vegetable Processing market in Canada are Bonduelle Canada, McCormick & Company Inc. and Conagra Brands
What does the Canned Fruit & Vegetable Processing in Canada include?
Processing fruit and vegetable juices and Processing ketchup, tomato paste, horseradish, vinegar and other sauces are part of the Canned Fruit & Vegetable Processing industry.
Which companies have the highest market share in the Canned Fruit & Vegetable Processing in Canada?
The company holding the most market share in Canada is Bonduelle Canada.
How competitive is the Canned Fruit & Vegetable Processing industry in Canada?
The level of competition is moderate and increasing in the Canned Fruit & Vegetable Processing industry in Canada.
