Dough rising: A slowdown in consumer spending is forecast to constrain the potential growth in demand

The Baking Mix and Prepared Food Manufacturing industry in Canada has experienced strong revenue growth over the five years to 2019. An improving economy and rising per capita disposable income levels have led to increased domestic demand for a wider variety of higher-quality, more nutritious and more diverse food products. To meet this demand, food service providers and retailers have increased purchases of industry products. A variety of trends have affected industry performance. Consumers have increasingly demanded healthy foods, which has cut into some traditional segments. However, this has also prompted operators to release more nutritious varieties of existing goods, and it has also prompted significant market entry...read more.

Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 14-19
4.6%
Forecast Growth 19-24
Profit
Employment
17,620
Businesses
753
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • A rising consumer price index for food has led to continued growth in product prices, helping drive revenue upward
  • Growing health consciousness expanded demand for quality products
  • As the economy continues to grow, demand for industry products will follow
  • Industry Report - Industry Locations Chapter

    Establishments in the Baking Mix and Prepared Food Manufacturing industry in Canada are concentrated in densely populated areas, as this provides industry operators with substantial downstream demand for industry products from consumers and food service establishments. Additionally, industry establishments are concentrated in areas with substantial auxiliary food processing infrastructure, providing industry operators with convenient access to both upstream suppliers and downstream food manufacturer markets. Finally, industry operators also tend to locate close to transport infrastructure and to ports or the US border to have the best access to domestic and international upstream and downstream markets possible...purchase to read more.

    Additional Insights for the Baking Mix & Prepared Food Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Baking Mix & Prepared Food Manufacturing Industry are

  • Ability to pass on cost increases
  • Supply contracts in place for key inputs
  • Economies of scale
  • IBISWorld analysts also discuss how external factors such as Consumer price index for food and Demand from food manufacturing in the Baking Mix & Prepared Food Manufacturing industry impact industry performance..

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    What's in this report

    What is the Baking Mix & Prepared Food Manufacturing Industry?

    This industry manufactures perishable prepared foods such as sandwiches, prepared meals and peeled or cut vegetables. Companies in the industry also use dried and dehydrated ingredients to manufacture dessert mixes, flavouring powders and processed eggs.

    Industry Products
  • Perishable prepared foods sold in bulk or packages
  • Flavouring powders, tablets and pastes, including dry-mix cocktails
  • Whole, liquid, dried and frozen eggs
  • Other food preparations
  • Industry Activities
  • Manufacturing perishable prepared foods sold in bulk or packages, not frozen or canned
  • Manufacturing dessert mixes
  • Manufacturing sweetening syrup and molasses
  • Manufacturing baking powder and yeast
  • Manufacturing macaroni and pasta products that are packaged with other ingredients, not frozen or canned
  • Manufacturing dried and dehydrated products, except pasta, packaged with other ingredients
  • Manufacturing liquid, dried and frozen eggs
  • Manufacturing flavouring powders, tablets and paste, including dry mix cocktail
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer price index for food
  • Demand from food manufacturing
  • Canadian effective exchange rate index
  • Per capita disposable income

  • Current Performance
  • Foreign trade
  • Product innovation and demand trends
  • Fluctuating profitability
  • Chart: Revenue Growth

  • Industry Outlook
  • Rising domestic and foreign demand
  • Weaker profit
  • Table: Baking Mix & Prepared Food Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Baking Mix & Prepared Food Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Cereal Production in Canada
  • Chocolate Production in Canada
  • Bread Production in Canada
  • Snack Food Production in Canada
  • Supermarkets & Grocery Stores in Canada
  • Full-Service Restaurants in Canada

  • Key Selling Industries
  • Agriculture, Forestry, Fishing and Hunting In Canada
  • Electric Power Transmission in Canada
  • Glass Product Manufacturing in Canada
  • Plastic Film, Sheet & Bag Manufacturing in Canada

  • Products & Services
  • Perishable prepared foods sold in bulk or packages
  • Other food preparations
  • Whole, liquid, dried and frozen eggs
  • Flavouring powders, tablets and pastes, including dry-mix cocktails
  • Chart: Baking Mix & Prepared Food Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Food manufacturers
  • Grocery retailers
  • Exports
  • Food service providers
  • Grocery wholesalers
  • Chart: Major Market Segmentation for the Baking Mix & Prepared Food Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    WagesPurchasesProfitDepreciationMarketingRentUtilitiesOther
  • Chart: Cost Structure Benchmarking – Sector vs Baking Mix & Prepared Food Manufacturing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Baking Mix & Prepared Food Manufacturing Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Baking Mix & Prepared Food Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Baking Mix & Prepared Food Manufacturing Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)
  • Wages (2010-2024)
  • Purchases (2010-2024)
  • Profit (2010-2024)
  • Depreciation (2010-2024)
  • Marketing (2010-2024)
  • Rent (2010-2024)
  • Utilities (2010-2024)
  • Other (2010-2024)
  • Consumer price index for food (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Food Service Provider
  • Any restaurant, hotel or other business where food is prepared for customers for immediate consumption.
  • Shelf Life
  • The amount of time that food, drinks and other perishable items are given before they are considered unsuitable for consumption.
  • Wholesale Bypass
  • The phenomena whereby retailers source merchandise directly from manufacturers, bypassing wholesale distributors.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Baking Mix & Prepared Food Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Baking Mix & Prepared Food Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Baking Mix & Prepared Food Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Baking Mix & Prepared Food Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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