Dublin, Dec. 12, 2024 (GLOBE NEWSWIRE) -- The "Cereal Production in Canada - Market Research Report" report has been added to ResearchAndMarkets.com's offering.
This report covers the scope, size, disposition and growth of the Canadian cereal production 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.
Cereal production in Canada has encountered a variety of challenges and opportunities lately. The sector has been notably influenced by unpredictable weather conditions, increasing input costs and evolving consumer tastes. Yet, it has demonstrated resilience, thanks to technological innovations and sustainable farming practices. In 2021, wheat production experienced a significant decline because of a severe drought, highlighting the susceptibility of cereal crops to climate change and emphasizing the need for climate-resilient farming methods.
Overall, industry revenue has been increasing at a CAGR of 6.9% over the past five years and is expected to reach $1.9 billion in 2024. This includes a 1.6% uptick in 2024 alone.
Canadian Cereal Production Market Trends and Insights
- The pandemic bolstered cereal production as many consumers were forced to stay home and abide by regulations. Cereal offered a convenient easy-to-eat breakfast option.
- Ever-changing dietary habits continue to push healthy alternatives into the market. Producers have introduced new cereals to meet changing consumer preferences.
- Ontario has multiple urban cities, offering access to a large consumer base. Producers save on transport costs by being near buyers.
- Companies face pressure from imported cereal. Imports make up almost half of the domestic demand. Even so, domestic producers are increasing their output capacity.
A selection of companies mentioned in this report includes, but is not limited to:
- Kellogg Company
- General Mills Inc.
- PepsiCo Canada ULC
- Post Holdings Inc.
- Nature's Path Foods Inc.
Key Topics Covered
ABOUT THIS INDUSTRY
- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
PRODUCTS & MARKETS
- Supply Chain
- Products & Services
- Demand Determinants
- Major Markets
- International Trade
- Business Locations
COMPETITIVE LANDSCAPE
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Basis of Competition
- Barriers to Entry
- Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
- Capital Intensity
- Technology & Systems
- Revenue Volatility
- Regulation & Policy
- Industry Assistance
KEY STATISTICS
- Industry Data
- Annual Change
- Key Ratios
JARGON & GLOSSARY
For more information about this report visit https://www.researchandmarkets.com/r/l4dc9x
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