Pro
Food & Beverage
Canada Plant-Based Food Market, By Distribution Channel
| Label | Conventional | Organic |
|---|---|---|
| 2018 | 325.3 USD Mn | 116.2 USD Mn |
| 2019 | 364.4 USD Mn | 130.4 USD Mn |
| 2020 | 408.2 USD Mn | 146.4 USD Mn |
| 2021 | 456.8 USD Mn | 164.1 USD Mn |
| 2022 | 511 USD Mn | 183.9 USD Mn |
| 2023 | 571.4 USD Mn | 206.1 USD Mn |
| 2024 | 638.5 USD Mn | 230.7 USD Mn |
| 2025 | 713.2 USD Mn | 258.2 USD Mn |
| 2026 | 796.7 USD Mn | 289 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
The plant-based food market in Canada is experiencing a significant surge in demand as more and more consumers are shifting towards a healthier and more sustainable diet. This shift is driven by a growing awareness of the negative impact of animal-based food products on one's health, the environment, and animal welfare. One of the key categories driving the demand for plant-based food in Canada is the dairy alternatives segment. This category includes products such as plant-based milk, yogurt, cheese, and butter. The demand for dairy alternatives has grown significantly in recent years, and this trend is expected to continue as consumers become more health-conscious and look for alternatives to traditional dairy products. With the rise of lactose intolerance and the increasing popularity of veganism, the demand for plant-based dairy alternatives is projected to continue to rise. Another category that has seen a rise in demand is plant-based meat alternatives. These products include burgers, sausages, and ground meat made from plant-based ingredients such as soy, pea protein, and mushrooms. Factors such as concerns over the environmental impact of meat production, animal welfare, and health benefits have led to a growing demand for plant-based meat alternatives in Canada.
Major brands in the country have also started to offer plant-based versions of their popular meat products to cater to this demand. The demand for plant-based seafood is also on the rise in Canada. Products such as plant-based fish, shrimp, and crab are gaining popularity among consumers who are looking for sustainable and ethical seafood options. With increasing concerns over overfishing and the depletion of marine resources, plant-based seafood is seen as a more environmentally friendly and sustainable alternative. Lastly, the demand for plant-based snacks and ready-to-eat meals has also seen a significant increase. With busy lifestyles and a growing interest in healthy snacking options, consumers are turning to plant-based snacks such as energy bars, chips, and granola bars. These products often have clean and simple ingredients, making them appealing to health-conscious consumers. In conclusion, the demand for plant-based food in Canada is being driven by various factors such as health and environmental concerns, ethical considerations, and changing consumer preferences. With the increasing availability and variety of plant-based food products, this trend is expected to continue, making Canada a promising market for plant-based food manufacturers.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2024.
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Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.