The Dairy & Soy Food Sector in Canada Estimated to Grow at a Notable CAGR of 3.8% during 2016-2021

Published on : Aug 14, 2017

Albany, New York, August 14, 2017: In recent years, there is an increasing demand for high protein diet in Canada, which has positively impacted the dairy and soy food sector. Market Research Hub (MRH) has recently announced the inclusion of a new study to its wide portfolio which is titled as “Country Profile: Dairy & Soy Food Sector in Canada”. The report provides an in-depth, comprehensive analysis of the Canada market along with major segments in dairy and soy food sector, various key factors, demand and future prospects. Additionally, the report also provides market size analysis with growth analysis in terms of value and volume, per capita consumption for each segment for the period from 2011 to 2021. The overall market value and volume included in the report is split on the basis of On-trade and Off-trade.

Initially, the report starts by defining the market overview of Dairy & Soy Food Sector in Canada, considering global and regional market. This subsequent section analyzes the Canadas share in the Global and North American Dairy & Soy Food sector which is also compared to other leading countries in North America. As per the recent findings of this study, the Dairy & Soy Food sector in Canada is forecast to grow at 3.8% CAGR in value terms during 2016-2021. This growth is mainly driven by rising disposable income of consumers and increasing demand for high protein diet in the country.

Dairy products include milk and everything made from milk, which is important for supporting bone strength. Similarly, Soy foods can be extremely healthy because soybeans contain high levels of vitamins, minerals, carbohydrates, unsaturated fats and protein. In fact, soy protein is nearly as high in quality as the proteins in milk and meat. The research finds that Canadian soybeans, a nutritious source of protein, are a growing favorite on the world stage, especially in Asia. Also, products containing soy protein appear in nearly every aisle of the supermarket.

Moreover, for a clear understanding, the report has covered major categories involved in dairy and soy food sectors. It includes Butter & Spreadable Fats, Cheese, Cream, Dairy-Based & Soy-Based Desserts, Drinkable Yogurt, Fromage Frais & Quark, Milk, Soymilk & Soy Drinks, and Yogurt. In addition to this, value and growth analysis with inputs on individual category share within each market and the change in their market share forecast for 2016-2021 is also reported. Of the nine markets, Cheese is the largest in value terms, while the Drinkable Yogurt market is forecast to register the fastest growth by the end of 2021s.

Moreover, percentage of sales within each market through distribution channels such as On-trade, Hypermarkets & Supermarkets, Convenience Stores, Food & Drinks Specialists etc. are also outlined.  On the basis of packaging material, Rigid Plastics is the most commonly used packaging material in the sector, while Glass is forecast to register the fastest growth during 2016-2021. Later, the competitive landscape section of the report includes market share analysis in terms of revenue by significant players operating in the market. They are Saputo Inc., Groupe Lactalis and Agropur Cooperative.

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