Coffee & Tea Production in Canada - Industry Market Research Report

Another cup: The industry will likely benefit from more coffee and tea aficionados interested in healthy products

Canadian coffee and tea producers in Canada primarily roast and package imported coffee beans, in addition to blending and packaging tea. Over the five years to 2023, these producers have grown in terms of revenue, despite fluctuations in the world price of coffee and supply chain disruptions amid COVID-19. Nonetheless, industry revenue experienced a 4.6% swell in 2020 alone, in line with the 6.5% boost in per capita disposable income during the year. Moreover, the industry has benefited from more consumers purchasing specialized blends, compared with low-cost tea and coffee products usually sold in bulk. Overall, industry revenue will dip at a CAGR of 3.1% to $2.8 billion over the five years to 2023, despite a boost of 3.2% in 2023 alone. This industry primarily roasts and packages imported coffee beans, and blends and packages tea. It may also produce coffee extracts or concentrates, including instant or freeze-dried varieties. Operators that primarily bottle or can iced coffee and tea, as well as ready-to-drink tea, are excluded from this industry. 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.