Business and Operations
Latest bakery sector analysis from Agriculture and Agri-Food Canada
November 17, 2022 By Bakers Journal
Ottawa – Retail sales are expected to reach US$7.8 billion in 2026, suggests Agriculture and Agri-Food Canada’s recently updated statistics and analysis of the baking industry in Canada.
In 2021 Canada saw recorded retail sales of US$6.6 billion worth of baked goods.
Canada was the 12th largest retail market for baked goods in 2021, with total sales valued at US$6.6 billion. Canada ranked third in the market for health and wellness baked goods, with US$2.6 billion in sales in 2021.
Canada was world’s fifth largest importer of baked goods, with total imports of US$1.8 billion, with most foreign supplied baked goods coming from the United States. Canada was the world’s second largest exporter of baked goods, behind Germany, with total baked goods exports of US$3.8 billion in 2021. Canada had a trade surplus of US$2.0 billion in baked goods, and exports went overwhelmingly to the United States.
The majority of Canadian baked goods were distributed through store-based retailing, with supermarkets accounting for US$3.1 billion in sales, or 47.8 per cent of the market.
Canada’s top baked goods global imports in 2021 were bread, pastry, cakes and biscuits; sweet biscuits, waffles and wafers; rusks, toasted bread ; gingerbread; and crispbread.
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