Market Research Report
Canada Plant-based Meat Market Overview, 2026
|Canada Plant-based Meat Market Overview, 2026|
Published: May 4, 2022
Bonafide Research & Marketing Pvt. Ltd.
Content info: 62 Pages
Delivery time: 1-2 business days
According to the report title "Canada Plant-based Meat Market Overview, 2026", published by Bonafide research, the plant based meat market in Canada is expected to grow over 12% during the forecast period ending 2026. Wheat being the staple diet in Canada it is the most used source to create plant based meat to its demand. Oats is the fastest growing source to create plant based meats with the rise in it's in country production levels. The agriculture industry is focusing on growing more peas with its rising use to create plant based meat. The consumers are demanding soy free and gluten free plant meats that is driving the demand for pea based and other source plant meats in Canada. The manufacturers are involved in continued research & innovation techniques to produce tastier and appealing plant based meats. Pea as a source has over 15% market share in Canada's plant based meat market.
Burgers are the all-time favourites among consumers in Canada. Burger Patties has a market of over 40% in Canada and is the most demanded by consumers. Todays' youth populace is mainly fast food driven. At least one meal a day consists of some kind of a fast food item. Other snack items that are plant based like chips and other products is driving the demand further for plant based products. New innovative snacks are being launched across retail sectors in Canada to meet growing demands for variety of products. The breakfast table ordinarily comprises of any type of a sausage in Canada and is widely in demand made with different sources of proteins to lead a healthy diet. Pork is the most consumed meat type in Canada and so is equivalent to plant based meat demands for pork. Most of the consumers eat pork thrice a week at least that leads to its increased demands and will be continued in future trends with innovation in product sources.
Government restricted the consumption of fish across Canada with increased health risks due to more mercury content. As a result of which consumers are turning to plant based alternatives for fish. Salmon, tuna, shrimp, cod, and crab are the most frequently consumed seafood's in Canada. As a result of which, the plant based fish is seeing a drastic demand rise in Canada. Further the future holds promising for developing alternatives for fish and pork as they would be in great demand. Canada is a more established market when it comes to retail sales of plant based meat. The plant based meat alternatives can be found at any retailer in Canada as they have sufficient stocks in lieu of their demands. Loblaws, Sobeys, Metro, Costco, and Walmart are the major five retailers who have many chains across Canada. Loblaws alone has a huge count of 552 stores across the country. Approximately Canada has some 3000 retail stores which cater to the demands of plant based meat. New retailers are also stocking up on plant based products with the forecast of future market trends. It is expected that the retail sales will exceed the sales from hotels, restaurants and cafes in Canada over the future years.
Considered in this report
Aspects covered in this report
By Source in the report
Types of meat products in the report
By Type in the report
By End-User in the report
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, analysing 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.
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to plant based meat 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.
Figure-8: Porter's Five Forces Meter of Plant-based Meat Industry in Canada
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