Specialty Food Stores in Canada - Industry Market Research Report

Specialty Food Stores in Canada - Industry Market Research Report

  • August 2020 •
  • 44 pages •
  • Report ID: 4564257 •
  • Format: PDF
For goodness bakes: Operators will likely be forced to drive down prices, thus threatening profit

Abstract

Specialty Food Stores in Canada
The Specialty Food Stores industry in Canada sells specialty food products, such as baked goods, candy and snacks, artisanal cheeses and premium packaged coffee. Operators sell products labelled as organic, gourmet or all-natural. Thus, industry goods are differentiated from standard foods sold at mainstream retail and grocery outlets. Increasingly health-conscious consumer preferences and disposable income growth have enabled operators to charge a premium for industry products. While improvements in the economy and favourable shifts in consumer preferences have helped boost industry revenue over the past five years, rising external competition has gradually constrained the performance of specialty food stores. Over the five years to 2023, the industry is expected to endure greater competition from natural food stores and regular supermarkets, both of which are increasingly focused on offering the same products sold by industry operators.

Operators in the Specialty Food Stores industry in Canada retail specialized food products, including baked goods, confectionery, nuts, dairy products, coffee, tea and soft drinks. This industry only retails packaged products and excludes operators that sell products for immediate consumption, such as coffee shops. Butcher shops, seafood markets and produce markets are also excluded from this industry, along with producers of chocolate, bread and bakery goods.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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