Tall glass: Industry revenue will continue to grow despite increased consolidation
Companies in the Dairy Wholesaling industry in Canada wholesale various dairy products, including raw milk, processed milk, butter, cheese, cream, ice cream and yogourt, to downstream customers, such as grocery stores and food service establishments. Over the past five years, the industry has experienced solid growth as consumers have increased consumption of various dairy products, resulting in increased demand from downstream customers and rising production of many industry goods. While the industry has consolidated to compete more effectively with vertically integrated dairy processors, it has performed well overall. Overall, revenue has risen an annualized 1.5% to $11.5 billion over the five years to 2023, including a forecast increase of 1.2% in 2023 alone as the economy continues to normalize following the COVID-19 pandemic. However, profit is forecast to fall during the period.
Operators in the Dairy Wholesaling industry in Canada wholesale dairy products, except dried or canned, including butter, cheese, cream, ice cream, milk and yogourt. This industry does not include manufacturers’ sales branches and offices (MSBOs) where the wholesaling and production of dairy products occur as one undifferentiated operation. Revenue from such MSBOs are included under the scope of the Dairy Product Production industry in Canada (31151CA).
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.
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Methodology
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