Canada Cheese Market Research Report, 2027

Canada Cheese Market Research Report, 2027

Actual Market Research 30-11-2022 58 Pages Figures : 6 Tables : 19 Region : North America Country : Canada Category : Food & Beverages Food

Canada is ranked in the top ten as one of the major cheese-producing countries in the world, and Canadian cheese is internationally renowned for its variety and high quality. It was estimated that the volume of cheese produced in Canada amounted to around 550,000 metric tons. The majority of cheese made in Canada was cheddar and mozzarella. Canada also produces many specialty cheeses, the most common varieties of which are cream cheese, cottage cheese, and parmesan. Canada produced approx. 13,263 Tonnes of Cheddar cheese, 27,597 Tonnes of specialty cheese, 12,480 Tonnes of Mozzarella cheese, and 718 Tonnes of Feta cheese in 2022. According to the report, "Canada Cheese Market Research Report, 2027," published by Actual Market Research, the market is expected to add USD 1.27 billion by 2027. The Cheese market growth is driven rise in number of quick service restaurants (QSRs) in the developing regions and already established QSR outlets in the developed regions. In addition, longer shelf life of cheese products, rise in disposable income, and increase in demand for protein-rich food propel the market growth. This market is witnessing progressive growth due to the rising demand for assorted type cheese in various food products. The rise in consumption of fast foods, such as pizza, pasta, and burgers, has contributed to the growing demand for Cheddar, Mozzarella and parmesan. The rapidly evolving foodservice industry and novel food preparations may fuel demand for these items in the coming years. Flavored cheese is one of the emerging categories, fulfilling the modern consumer demand for innovative flavors such as herbal, spiced, and fruit. The population of Canada was 38.246 Million. There are 18.90 million males and 19.17 million females in Canada. The percentage of female population is 50.36% compare to 49.64% male population. Canada has 0.4 million more females than males. The Urban population of Canada was 31.229 Million. The GDP of Canada was USD 1.99 trillion in 2021. Increasing Population and economy can be regarded as the driving factors for growth of Cheese Market in Canada. By product, the cheddar segment generated the highest market share in 2022, owing to its harder texture, creamier and sharper taste, and longer shelf life. In addition, the price of cheddar cheese is low as compared to that of other cheeses like mozzarella, which makes cheddar cheese affordable. Also, cheddar cheese is available in single slices wrapped in plastic, cheese spray, cheese spread, squeeze tube, and various other packaging options, which have opened a lot of opportunities for market growth. Besides, in Canada, more than 40% of the population is reportedly trying to incorporate more plant-based foods into their diets. Nuts for Cheese, a premium, organic brand of delicious cashew cheeses from Canada, have reported robust growth in sales. Earlier this year, it announced a 50% year-over-year rise in sales as it expands distribution across the United States, becoming Canada's first artisan vegan cheese company to report such a growth. Nuts for Cheese also launched its newest product line, named “Nuts for Butter”, which can be used as a substitute for traditional butter for a variety of recipes and dishes. Healthy eating has increased the demand for functional cheese that adds nutritional value to the product. Cheese is high in proteins, omega-3 fatty acids, and minerals. The emerging trend of healthy snacking has fueled demand for snacks, including those sold in the retail sector. Furthermore, clean-label milk products are becoming more popular among consumers due to their nutritional and safer counterparts. Organic milk is becoming more popular as conventional milk is now linked to harmful chemicals to human health. This factor boosts demand for plant-based cheese made from almond, cashew, or soy milk. The hypermarket and supermarket segments generated the most revenue, owing to an increase in demand for quick-service restaurants' online food delivery, which drives cheese market demand, and convenience stores ranked second. Loblaws is not only one of the best grocery stores in Canada but also the largest food retailer in the country. Sobeys Inc. and Metro Inc. are also the most popular food retailers in Canada. Covid-19 Impact: During the COVID-19 pandemic outbreak, the business was severely disrupted due to changing demand. The worldwide lockdowns prompted the foodservice industry to close, cutting demand for all processed food goods dramatically. Furthermore, costs are likely to reduce as high-quality products become less desirable. In contrast, increased adoption of low-cost varieties at wholesale prices from retail shops for home cooking is expected to balance the supply chain. Following the pandemic, the Cheese market is likely to benefit from the re-establishment of the foodservice sector and renewed cheese processing capacity. Considered in this report • Geography: Canada • Historic year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • Canada Cheese market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Product • Mozzarella • Cheddar • Feta • Parmesan • Roquefort • Others By Source • Animals • Plants By Type • Natural • Processed By Distribution Channel • Supermarkets/Hypermarkets • Convenience Stores • Specialty Stores • Online retail • Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Cheese industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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