Vegetable Farming in Canada Industry Market Research Report from IBISWorld Has Been Updated

Demand for industry products has been supported by a growing awareness of the health benefits associated with vegetable consumption, as well as expanding per capita disposable income. For this reason, industry research firm IBISWorld has updated a report on the Vegetable Farming industry in its growing industry report collection.

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Greater awareness of the health benefits of vegetables have driven demand

New York, NY (PRWEB) July 25, 2014

The Vegetable Farming industry has experienced steady growth over the five years to 2014, mainly because vegetables are a staple in the average Canadian diet. Demand for industry products has been supported by a growing awareness of the health benefits associated with vegetable consumption as well as expanding per capita disposable income. Demand from food-service industries has also boosted the industry's growth. Consequently, industry revenue is estimated to increase over the five years to 2014.

Over the past five years, imports have continued to satisfy a significant share of domestic demand for fresh produce. Imported vegetables are usually priced lower than domestically grown ones, making them attractive to downstream supermarkets and food-service companies. Over the five years to 2019, imports of fresh vegetables are forecast to grow.

Despite recent challenges, Canadians' appetite for vegetable products is here to stay. Over the five years to 2019, industry revenue will continue to grow. Vegetable consumption has plenty of room to grow to meet domestic dietary standards. IBISWorld expects the joint efforts of industry associations and the Canadian government to facilitate industry recovery by promoting healthy eating habits through marketing vegetable consumption.

As consolidation carries on, economies of scale will be an increasingly important factor for farmers remaining in the industry. Downstream wholesale bypass will also put expanding pressure on the farming sector as supermarkets continue to source directly from producers. Farmers who cannot meet the high-quality standards for fresh produce at shrinking prices will be squeezed out of vegetable farming. Consequently, the total number of industry establishments is expected to fall over the next five years.

For more information, visit IBISWorld’s Vegetable Farming in Canada industry report page.

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IBISWorld industry Report Key Topics

The Vegetable Farming industry comprises establishments that primarily grow vegetables and melons. Establishments that primarily produce vegetable and melon seeds and vegetable and melon bedding plants are also included in this industry.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US and Canadian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.


Contact

  • Gavin Smith
    IBISWorld
    +1 (310) 866-5042
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