Key Findings
The Canada plant-based food and beverage market is evaluated to grow with a CAGR of 10.22% over the studied period. The presence of major plant-based food manufacturers, the measures to develop meat and dairy alternatives with a favorable ecological footprint, and the initiatives undertaken by the government are among the key factors set to promote the country’s market growth. While the base year considered for the market study is 2020, the forecast years are from 2021 to 2026.

Market Insights
While the government of Canada has acknowledged plant-based foods as a vital and thriving industry, the country is also home to prominent plant-based food and beverage manufacturing companies, including Daiya Foods Inc, McCain Foods, and Maple Leaf Foods Inc. Canada’s federal government incorporated the plant protein sector within its Supercluster Initiative, and invested $150 million, for its development. In January 2020, Nestl? collaborated with Burcon NutraScience of Vancouver, British Columbia, and Merit Functional Foods of Winnipeg, Manitoba, in order to manufacture meat and dairy substitutes with a promising ecological footprint.
Daiya Foods became the founding members of The Plant-Based Foods Association in April 2020. In this regard, the United States and Canada introduced a comprehensive range of innovative plant-based products, including a first-to-market pizza crust. The crust was created with spinach, cauliflower, and sweet potato. The company also expanded its product offerings, entailing a novel version of the popular Cutting Board Cheeze Shreds, produced with chickpea protein. Therefore, these factors are expected to play an essential role in fueling the plant-based food and beverage market in Canada during the forecasted years.

Competitive Insights
Some of the leading companies operating in the market are Field Roast Grain Meat Co Inc, Daiya Foods Inc, Danone SA, Impossible Foods Inc, The Hain Celestial Group Inc, etc.
Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation cater to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments