Healthy Eats And Wellness Living Review | Healthy Eats Recipes Review

Vegetable Farming in Canada Industry Market Research Report Now Available from IBISWorld

New York, NY (PRWEB) March 06, 2015

The Vegetable Farming industry has experienced steady growth over the five years to 2015, 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,” according to IBISWorld Industry Analyst Antal Neville. Consequently, industry revenue is estimated to increase at an annualized rate of 1.4% to total $ 3.7 billion over the five years to 2015, including a 0.7% increase in 2015.

Over the past five years, imports have continued to satisfy a significant share of domestic demand for fresh produce, growing at an average rate of 3.1% per year to $ 2.9 billion in 2015. “Imported vegetables are usually priced lower than domestically grown ones, making them attractive to downstream supermarkets and food-service companies,” says Neville. Over the five years to 2020, imports of fresh vegetables are forecast to grow at an annual rate of 4.8%.

Despite recent challenges, Canadians’ appetite for vegetable products is here to stay. Over the five years to 2020, 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.

Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld

Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189

IBISWorld industry Report Key Topics

This 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.

©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.