Food & beverage economic trends

Bakery and tortilla product manufacturing sales grew over 11% in 2021 but faced cost and labour pressures.

Global seafood demand started to move back from retail towards foodservice, helping volume shift towards more premium fish like salmon.

In the food and beverage mid-year update, manufacturing sales are expected to be moderate into 2023.

Profitability in meat product manufacturing was mixed in 2021.

Dairy product revenues grew in 2021 but were lower than anticipated due to softer demand.

2021 was challenging for fruit, vegetable and specialty food processors as demand softened for canned products and higher production costs ate into margins.

After a difficult 2020, the sugar and confectionery industry had one of its strongest years for revenue growth on record.

Record prices and strong demand boosted grain and oilseed milling sales and profitability in 2021.

This update looks at key highlights from the 2022 FCC Beverage Report.

On Canada Day we’re celebrating Canadian agriculture and agri-food by highlighting some facts about the sector’s contribution to our economy.