Market Size of Canada Fruits and Vegetables Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Market Size (2024) | USD 13.70 Billion |
Market Size (2029) | USD 15.89 Billion |
CAGR (2024 - 2029) | 3.01 % |
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Canada Vegetable & Fruit Market Analysis
The Canada Fruits and Vegetables Market size is estimated at USD 13.70 billion in 2024, and is expected to reach USD 15.89 billion by 2029, growing at a CAGR of 3.01% during the forecast period (2024-2029).
- The growing season in Canada is very short. Despite a relatively short growing season, Canadian farmers produce a wide range of fruits and vegetables, including apples, tender fruits, grapes, cherries, peaches, blueberries, cranberries, strawberries, and raspberries, and vegetables such as tomatoes, onions, spinach, lettuce, and asparagus, etc. According to the Government of Canada, in 2020, the production of carrots, onion, tomatoes, cabbage, and lettuce are some of the high-value crops, which accounted for 10.3%, 8.5%, 8.4%, 6.8%, and 6.3%. Similarly, beets, beans, peppers, and asparagus yield increased by 15.7%, 7.6%, peppers by 6.7%, and 6.4% in 2020.
- The demand for fresh produce has been increasing on a large scale because of an increase in healthier eating trends for consumers. Thus, the increase in health consciousness among the people is driving the market growth. Alongside this, the harsh climatic conditions and extreme cold climate may prevent production, restraining market growth.
- Moreover, Canada needs to gain more market share in North American fruits and vegetables. It accounted for 3.4% of the North American fruits and vegetable market. Though Canada is a small market for fruits and vegetables in North America, the market for fruits has grown by 4.1% and reached USD 878 million in 2020. This is majorly due to the increase in the country's exports of fruits. Similarly, the farm gate price for vegetables has grown for nine consecutive years since 2010. Thus, the increase in the market for fruits and vegetables favors the market growth during the forecast period.