Canadian Food and Beverage Sector: 2024 Outlook

The food and beverage (F&B) manufacturing sector is a vital contributor to our economy. Around 8,500 businesses generate almost 20% of all manufacturing sales and 4% of Canada’s total exports.

After two difficult years, the sector is expected to recover as a result of anticipated interest rate cuts, a resurgence in investments and increased global demand for food.

Despite this positive outlook, several trends will continue to challenge F&B manufacturers in the future. From weaker consumer spending, to evolving customer preferences, tougher regulatory compliance and uncertainty created by climate change, F&B manufacturers operate in an increasingly complex environment.

Discover in this study 

• The seven trends shaping the future of F&B manufacturers.
• Strategies and best practices to help you adapt to change.
• Key drivers of growth for F&B businesses in the future.