Market Research Report
Top Growth Opportunities: Meat in Canada
|Published by||GlobalData||Product code||800129|
|Published||Content info||92 Pages
Delivery time: 1-2 business days
|Top Growth Opportunities: Meat in Canada|
|Published: March 4, 2019||Content info: 92 Pages||
Canada ranks first among the top 10 countries in the meat sector in opportunity terms, valued at US$22,063.6 million in 2018. The sector is expected to register strong growth at a CAGR of 6.2% during 2018-2023. While meat is one of the staple foods across most households in Canada, growth will predominantly be driven by rising disposable incomes especially of the millennial consumer group, which will boost sales of premium variants of meat in the country.
The Canadian meat sector is forecast to see significant growth over 2018-2023, driven by rising disposable personal incomes, which will boost consumer spending for meat products. However, with rising health awareness levels regarding the implications of consuming excessive red meat, especially with the WHO declaring such meat to be carcinogenic, consumer preferences are shifting away from beef, veal, lamb, goat, and other red meat products.
Even though the meat sector is regulated in terms of approved hormones being used in food products, the increasing wariness among consumers, with regards to hormones and antibiotics used for livestock, is boosting demand for hormone-free and organic grass fed meat.
The report "Top Growth Opportunities: Meat in Canada", provides an overview of the meat sector, analyzing market data, demographic consumption patterns within the category, and the key consumer trends driving consumption. Recommended actions and detailed analysis helps target the best growth opportunities for meat producers and retailers. Readers can understand what categories, channels, companies, and consumers will drive the success of meat markets in Canada.