Canada Bread Market

The Canada bread market size is expected to grow from US$ 4,247.60 million in 2022 to US$ 5,443.63 million by 2030; it is estimated to register a CAGR of 3.1% from 2023 to 2030.

Market Introduction

The Canada bread market is segmented into type, category, and distribution channel. The bread market is segmented into loaves, sandwich bread, baguettes, burger buns, and others based on type. The bread market is categorized as organic and conventional based on category. The market is categorized as supermarkets and hypermarkets, specialty stores, online retail, and others based on distribution channels. The online segment is predicted to register a higher CAGR during the forecast period. People are increasingly buying bread online due to the convenience and accessibility it offers. Online bread shopping allows individuals to browse and purchase bread from a wide range of options from the comfort of their homes, saving time and effort. With the rise of online platforms and delivery services, people can easily access specialty bread from different regions or bakeries that may not be available locally. Reading reviews and comparing products online also helps customers make informed choices. Moreover, online bread shopping caters to busy lifestyles and dietary preferences, providing options such as gluten-free or vegan bread that may be harder to find in regular stores. The convenience, variety, and flexibility provided by online platforms have made them an increasingly popular choice for bread enthusiasts, thus positively favoring the market expansion.

The hustle involved in balancing work, family, and social commitments is becoming increasingly hectic. People seek quick, convenient food options such as sliced bread, loaves, baguettes, bagels, and buns. Ready-to-eat bread varieties, including sliced bread and sandwiches, are among the most preferred food options. Thus, changing lifestyles and busy schedules have increased the demand for bread nationwide. According to the Agriculture and Agri-Food Canada Sector Trend Analysis, per capita expenditure on baked goods increased by 2.5% in 2018 to reach US$ 173.2 in 2022.

The trend of urban dwelling has increased considerably in Canada over the years. According to Canada Mortgage and Housing Corporation (CMHC), the number of housing was 244,025 in 2021, i.e., it rose 21% over the previous year, marking the highest level of new home construction on record. The increased housing construction in Canada has surged the demand for pre-packed and portion-bread products, providing an easy meal solution and eliminating the need for time-consuming food preparations. Individuals living alone often prefer ready-to-eat bread as it offers portion control, reduces food waste, and is convenient for solo meals. Thus, the increasing construction of single households across the country propels the demand for convenience foods, positively influencing the market growth in Canada.

Key Market Segments

The bread market is categorized as organic and conventional based on category. The organic segment is predicted to register a higher CAGR during the forecast period. Organic bread consists of ingredients grown without pesticides and is devoid of genetically modified organisms (GMOs), synthetic fertilizers, sewage sludge, or ionizing radiation. It is certified by a USDA-approved certifier as an organic product that complies with all National Organic Program (NOP) standards for storage, labeling, ingredients, and processing. Organic wheat bread is one of the leading products in the bread market due to its high nutritional profile. As no preservatives such as calcium propionate are added, organic and all-natural bread have a significantly shorter shelf life than conventional bread.

Significant Sources and Companies Listed

A few major primary and secondary sources referred to while preparing the report on the Canada bread market are paid databases (Factiva), publications, hoovers, investor presentations, newsletters, sec archives, annual reports, and other information available in the public domain. Three Bakers Gluten-Free Bakery, Dr. Schar AG, FGF Brands Inc, Dimpflmeier Bakery Ltd, Vibrant Health Products Inc, Wonder Brands Inc, Bakers Delight Holdings Ltd, Grey Matlock Bakery Inc, Grupo Bimbo SAB de CV, and Campbell Soup Co. are among the major players operating in the Canada bread market.

Reasons to buy report

• Progressive industry trends in the Canada bread market to help players develop effective long-term strategies
• Business growth strategies adopted by developed and developing markets
• Quantitative Analysis of the Canada bread Market from 2020 to 2030
• Estimation of the demand for bread in Canada
• Recent developments to understand the competitive market scenario and the demand for bread in Canada.
• Market trends and outlook coupled with factors driving and restraining the growth of bread in Canada.
• Decision-making process by understanding strategies that underpin commercial interest in the Canada bread market growth
• Canada bread market size at various nodes of market
• Detailed overview and segmentation of the Canada bread market, as well as its dynamics in the industry
• Canada bread market size in various countries with promising growth opportunities

The "Canada Bread Market Analysis to 2030" is a specialized and in-depth study of the food & beverages industry, focusing on the trend analysis of Canada's bread market. The report aims to provide an overview of the market with detailed market segmentation. The Canada bread market is segmented into type, category, and distribution channel. The Canada bread market is segmented into loaves, sandwich bread, baguettes, burger buns, and others. The Canada bread market is categorized as organic and conventional based on category. The Canada bread market is segmented by distribution channel into online and offline.