Staple foods in 2024: The big picture
Retail volume in staple foods in Canada is creeping back towards a positive performance in 2024, while value is better supported by still-high prices. This performance is being supported by a slowdown in inflationary pressures which, in turn, is helping to stabilise unit prices across a wide range of goods – including staple foods.
Key trends in 2024
Health and wellness trends remain notable in 2024, such as seen with the growing popularity of meat and seafood substitutes. This is supported by the rise in vegetarian and vegan consumers, alongside flexitarians who have cut down on their meat consumption for health or ethical reasons.
Competitive landscape
Staple foods is a fragmented category in Canada, with a strong presence of private label. Indeed, the overall leading brand is private label President's Choice (Loblaw Cos Ltd), with another private label, Compliments (Sobeys Inc) in third overall brand place.
Channel developments
Supermarkets is the main distribution channel for staple foods in Canada, followed by hypermarkets. Discounters has also been growing a relatively small share due to being able to cater to budget-conscious consumers.
What next for staple foods?
Staple foods is expected to witness a steady growth in volume with some slowdown of value growth over the forecast period, in line with the expected outcome of inflation cooling down. Overall, the demand for staple foods is expected to remain strong, driven by the increases in population alongside rising tourism levels.
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Overview:
Understand the latest market trends and future growth opportunities for the Staple Foods industry in Canada with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Staple Foods industry in Canada, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Staple Foods in Canada report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Staple Foods in Canada?
- Which are the leading brands in Staple Foods in Canada?
- How are products distributed in Staple Foods in Canada?
- How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
- What are the key health and wellness concerns driving, or challenging, sales in Staple Foods?
- How significant are vegan and vegetarian dietary requirements in determining sales growth in Canada?
- How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
- Where is future growth expected to be most dynamic?
- How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?
Staple Foods in Canada
Staple foods in 2024: The big picture
Key trends in 2024
Competitive landscape
Channel developments
What next for staple foods?
DISCLAIMER
Baked Goods in Canada
KEY DATA FINDINGS
Volume returns to positive growth, thanks to strong baseline demand
Bread sees the strongest sales, supported by the rising demand for unpackaged flat bread
Private label and artisanal appeal to consumers of baked goods
Baked goods set to see ongoing positive growth, supported by baseline demand
Health and wellness trends will continue to inspire innovations in baked goods
Foodservice sales will maintain small positive gains
Breakfast Cereals in Canada
KEY DATA FINDINGS
Lacklustre performance of breakfast cereals midst rising health awareness
Manufacturers focus on healthy options in an aim to revitalise sales
Breakfast cereals performs better in foodservice, due to demand for low-cost convenience
Breakfast cereals will continue to face challenges over the forecast period
Muesli and granola will maintain small positive growth
Retail e-commerce benefits from being able to offer dedicated health and wellness products
Processed Fruit and Vegetables in Canada
KEY DATA FINDINGS
Processed fruit and vegetables remains in a volume slump, with value also down due to lowering inflation levels
Discounters carve out a share of sales due to offering low prices to budget-conscious consumers
Frozen processed fruit and vegetables shows slightly less steep declines
Sales expected to remain in a slight negative retail volume slump, with value levels low
Foodservice sees a small positive volume performance, with this set to continue
Could processed fruit and vegetables also face competition from ready meals and meal kits?
Processed Meat, Seafood and Alternatives To Meat in Canada
KEY DATA FINDINGS
Category creeps back into sub-decimal volume growth thanks to new product developments
Mixed impact of health and wellness trends on the category
Meat and seafood substitutes deliver the strongest growth, thanks to rise of vegans and vegetarians
Sales will maintain a positive performance over the forecast period
Competition from ready meals and meal kits may challenge sales
Health and wellness will dominate new product development activities
Rice, Pasta and Noodles in Canada
KEY DATA FINDINGS
Category creeps back towards a positive outlook in volume terms
New product activities focus on health and wellness trends
Budget-conscious consumers seek private label options for basic staples
Slower value but consistent volume growth expected in the forecast period
Rice expected to fare particularly well due to rising number of international students
Foodservice sales fare better and with this set to continue
The following categories and subcategories are included:
Staple Foods
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- Packaged Flat Bread
- Unpackaged Flat Bread
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- Packaged Leavened Bread
- Unpackaged Leavened Bread
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- Packaged Cakes
- Unpackaged Cakes
- Dessert Mixes
- Frozen Baked Goods
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- Packaged Pastries
- Unpackaged Pastries
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- Sweet Pies and Tarts
- Frozen Cakes, Sweet Pies and Tarts
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- Hot Cereals
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- Children's Breakfast Cereals
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- Flakes
- Muesli and Granola
- Other RTE Cereals
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- Shelf Stable Beans
- Shelf Stable Fruit
- Shelf Stable Tomatoes
- Shelf Stable Vegetables
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- Frozen Fruit
- Frozen Processed Potatoes
- Frozen Processed Vegetables
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- Shelf Stable Processed Red Meat
- Shelf Stable Processed Poultry
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- Chilled Processed Red Meat
- Chilled Processed Poultry
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- Frozen Processed Red Meat
- Frozen Processed Poultry
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- Shelf Stable Seafood
- Chilled Processed Seafood
- Frozen Processed Seafood
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- Chilled Meat and Seafood Substitutes
- Frozen Meat and Seafood Substitutes
- Shelf Stable Meat and Seafood Substitutes
- Tofu and Derivatives
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- Chilled Noodles
- Frozen Noodles
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- Instant Noodle Cups
- Instant Noodle Pouches
- Plain Noodles
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- Chilled Pasta
- Dried Pasta
- Rice
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Staple Foods
NOTE: Couscous, polenta and quinoa are excluded from staple foods.
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This report originates from Passport, our Staple Foods research and analysis database.
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