Dough rising: Increased consumer spending and export growth will benefit the industry

The Baking Mix and Prepared Food Manufacturing industry in Canada has experienced steady revenue growth over the five years to 2018. Growth in domestic per capita disposable income levels has led to increased domestic demand for a wider variety of higher quality, more nutritious and more diverse food products. To meet this demand food service providers and retailers have increased purchases of industry products. Over the five years to 2023, industry revenue is forecast to increase, albeit at a slower rate than during the previous period. Increases in per capita disposable income are expected to continue over the next five years, which will, in turn, increase consumer spending on food products both for home cooking and at restaurants...read more.

Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 13-18
5.0%
Forecast Growth 18-23
Profit
Employment
12,816
Businesses
671
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Industry demand is expected to increase from retailer and food-service establishments
  • Packaged prepared food producers have benefited from growing demand for convenient food items
  • Consumers are expected to continue expanding demand for healthy industry products
  • Industry Report - Industry Analysis Chapter

    The Baking Mix and Prepared Food Manufacturing industry in Canada produces a range of products, including perishable prepared food, egg products, flavouring powders, dried and dehydrated items, dessert mixes, sweetening syrups and macaroni packaged with sauce. The industry has grown at a stable rate over the past five years as growth in per capita disposable income has increased consumer demand for higher-quality and more-diverse types of food. In addition, growth in food prices during the period has enabled many industry operators to increase product prices, which has further contributed to revenue growth. However, other trends have constrained overall growth in industry revenue. In ...purchase to read more.

    Additional Insights for the Baking Mix & Prepared Food Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Baking Mix & Prepared Food Manufacturing Industry are

  • Ability to pass on cost increases
  • Supply contracts in place for key inputs
  • Economies of scale
  • IBISWorld analysts also discuss how external factors such as Consumer price index for food and Demand from food manufacturing in the Baking Mix & Prepared Food Manufacturing industry impact industry performance..

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    What's in this report

    What is the Baking Mix & Prepared Food Manufacturing Industry?

    This industry manufactures perishable prepared foods such as sandwiches, prepared meals and peeled or cut vegetables. Companies in the industry also use dried and dehydrated ingredients to manufacture dessert mixes, flavouring powders and processed eggs.

    Industry Products
  • Perishable prepared foods sold in bulk or packages
  • Flavouring powders, tablets and pastes, including dry-mix cocktails
  • Whole, liquid, dried and frozen eggs
  • Other food preparations
  • Industry Activities
  • Manufacturing perishable prepared foods sold in bulk or packages (not frozen or canned)
  • Manufacturing dessert mixes
  • Manufacturing sweetening syrup and molasses
  • Manufacturing baking powder and yeast
  • Manufacturing macaroni and pasta products (packaged with other ingredients, not frozen or canned)
  • Manufacturing dried and dehydrated products (except pasta, packaged with other ingredients)
  • Manufacturing liquid, dried and frozen eggs
  • Manufacturing flavouring powders, tablets and paste, including dry mix cocktail
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer price index for food
  • Demand from food manufacturing
  • Canadian-dollar effective exchange rate index
  • Per capita disposable income

  • Current Performance
  • Foreign trade
  • Product innovation and demand trends
  • Fluctuating profitability
  • Chart: Revenue Growth

  • Industry Outlook
  • Rising domestic and foreign demand
  • Stabilizing costs
  • Table: Baking Mix & Prepared Food Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Baking Mix & Prepared Food Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Cereal Production in Canada
  • Chocolate Production in Canada
  • Bread Production in Canada
  • Snack Food Production in Canada
  • Supermarkets & Grocery Stores in Canada
  • Full-Service Restaurants in Canada

  • Key Selling Industries
  • Agriculture, Forestry, Fishing and Hunting In Canada
  • Electric Power Transmission in Canada
  • Glass Product Manufacturing in Canada
  • Plastic Film, Sheet & Bag Manufacturing in Canada

  • Products & Services
  • Perishable prepared foods sold in bulk or packages
  • Other food preparations
  • Whole, liquid, dried and frozen eggs
  • Flavouring powders, tablets and pastes, including dry-mix cocktails
  • Chart: Baking Mix & Prepared Food Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Food manufacturers
  • Grocery retailers
  • Exports
  • Foodservice providers
  • Grocery wholesalers
  • Chart: Major Market Segmentation for the Baking Mix & Prepared Food Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Baking Mix & Prepared Food Manufacturing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Baking Mix & Prepared Food Manufacturing Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Baking Mix & Prepared Food Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Baking Mix & Prepared Food Manufacturing Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Consumer price index for food (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Foodservice Provider
  • Any restaurant, hotel or other business where food is prepared for customers for immediate consumption.
  • Shelf Life
  • The amount of time that food, drinks and other perishable items are given before they are considered unsuitable for consumption.
  • Wholesale Bypass
  • The phenomena whereby retailers source merchandise directly from manufacturers, bypassing wholesale distributors.
  • What Our Customers Say

    Why buy this report?

    The Baking Mix & Prepared Food Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
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    This report on Baking Mix & Prepared Food Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Baking Mix & Prepared Food Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Baking Mix & Prepared Food Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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