Beef & Pork Wholesaling in Canada - Industry Market Research Report

Beef & Pork Wholesaling in Canada - Industry Market Research Report
Beef & Pork Wholesaling in Canada

The Beef and Pork Wholesaling industry in Canada is forecast to expand due to growth in product prices alongside relatively inelastic demand for meat among consumers. Consumer spending is expected to grow during the period alongside overall growth in per capita pork and meat consumption. Furthermore, falling herd numbers in North American livestock farming industries led the available meat supply to contract, pushing up livestock prices and meat prices. Growth in the price of red meat has resulted in steady revenue growth during the period, with the price of red meat expected to grow an annualized 1.8% during the period. In 2020 and 2021 alone, the price of red meat grew 5.7 and 8.1%, respectively, as a result of the COVID-19 outbreak, counteracting the move by consumers to substitute to less expensive products. Overall, industry-wide revenue will increase at a CAGR of 1.3% to $11.2 billion over the past five years, including a 2.4% increase in 2023.

The Beef and Pork Wholesaling industry in Canada includes wholesalers of beef, pork and other red meat products. Canned and packaged frozen goods are excluded, as are poultry and seafood products.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.