Spreads - Canada
- Canada
- Revenue in the Spreads market amounts to €1.64bn in 2024. The market is expected to grow annually by 4.36% (CAGR 2024-2029).
- In global comparison, most revenue is generated in China (€17,480m in 2024).
- In relation to total population figures, per person revenues of €41.38 are generated in 2024.
- In the Spreads market, volume is expected to amount to 268.00m kg by 2029. The Spreads market is expected to show a volume growth of 2.5% in 2025.
- The average volume per person in the Spreads market is expected to amount to 6.0kg in 2024.
Key regions: Canada, Philippines, China, Spain, India
Analyst Opinion
The spreads market in Canada's food industry has seen minimal growth due to factors such as consumer health awareness, convenience of online services, and increasing adoption of digital technologies. This trend is observed in sub-markets such as Jams & Marmalades, Chocolate Spreads, and Peanut Butter, which contribute to the overall market's growth rate.
Customer preferences: Consumers in Canada are showing a growing preference for natural and organic spreads and sweeteners, driven by a rising awareness of health and wellness. There is also a noticeable shift towards sustainable and environmentally friendly options, with more consumers seeking products with minimal packaging and eco-friendly production methods. Additionally, there is a growing demand for alternative sweeteners such as honey, maple syrup, and agave, reflecting a desire for healthier and more natural options in the spreads market.
Trends in the market: In Canada, the Spreads & Sweeteners Market is experiencing a shift towards healthier and more natural products, driven by consumer demand for clean label and plant-based options. This trend is expected to continue, as consumers become more health-conscious and seek out alternatives to traditional spreads and sweeteners. With the rise of e-commerce and online grocery shopping, there is also a growing trend towards convenience and accessibility, leading to more innovative packaging and delivery options. These trends present opportunities for industry stakeholders to adapt and offer new products and services, while also facing challenges in meeting changing consumer preferences and competing in a crowded market.
Local special circumstances: In Canada, the Spreads Market within The Food market is heavily influenced by the country's high demand for natural and organic products. The market is also affected by the Canadian Food Inspection Agency's strict regulations on labeling and ingredients, leading to a rise in the use of alternative sweeteners such as maple syrup and honey. Additionally, the country's diverse population has resulted in a demand for multicultural spreads, such as tahini and miso, which cater to different cultural tastes and preferences.
Underlying macroeconomic factors: The Spreads Market of the Spreads & Sweeteners Market within The Food market in Canada is heavily influenced by macroeconomic factors such as consumer preferences, economic growth, and government policies. The increasing demand for healthier and natural food products, coupled with the growing health consciousness among consumers, has led to a shift towards organic and natural spreads and sweeteners. Moreover, the stable economic growth and rising disposable incomes in Canada have also contributed to the growth of this market. Government initiatives promoting healthy eating habits and increasing investments in the food industry have further supported the growth of the Spreads Market in Canada.
Methodology
Data coverage:
The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).Modeling approach:
Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.Vue d’ensemble
- Revenue
- Volume
- Price
- Demographics
- Sales Channels
- Global Comparison
- Analyst Opinion
- Methodology
- Key Market Indicators