Canada Bread Market is expected to reach US$ 5,443.63 million by 2030

Publisher: The Insight Partners

Increasing Demand for Convenience and Ready-To-Eat Products

According to our new research study on "Canada Bread Market Forecast to 2030 – COVID-19 Impact and Country Analysis – by Type, Category, and Distribution Channel," the bread market size is expected to grow from US$ 4,247.60 million in 2022 to US$ 5,443.63 million by 2030; it is estimated to register a CAGR of 3.1% from 2023 to 2030. The report highlights key factors driving the bread market growth and prominent players along with their developments in the market.

Bread is a staple food made from a dough consisting of flour, water, yeast, and often other ingredients such as salt, sugar, and fat. The dough is typically baked, resulting in a soft, fluffy interior and a crusty outer layer. E-commerce platforms provide Canadians the convenience of ordering baked goods, such as bread, from the comfort of their homes. Consumers can browse a wide variety of bread, compare prices, choose trusted brands' products from other consumers' labeling instructions and reviews, and place orders. This convenience factor of e-commerce is particularly appealing to busy individuals or those who may not have easy access to physical grocery stores. According to the Government of Canada, in 2021, Canada was the 12th largest retail market for baked goods, with total sales recorded at US$ 6.6 billion. Retail sales of baked goods in Canada grew at a CAGR of 3.3% from 2017 to 2021. Canada also ranked 3rd in the health and wellness baked goods market. Therefore, the recorded rise in online retail sales has further encouraged consumers across Canada to adopt e-commerce. The growth of e-commerce in the Canada bread market has spurred innovation in packaging, shipping, and delivery methods to ensure the freshness and quality of the bread. Thus, companies have been developing specialized packaging techniques and optimizing delivery logistics to preserve the taste and texture of the bread during transit. On October 22, 2021, Dr. Schär introduced the world's first recycled plastic packaging for gluten-free bread. This initiative has created trust in food packaging experts while maintaining their products' taste, quality, and safety.

Canada Bread Market

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Further, e-commerce platforms enable bread manufacturers and bakeries to establish direct consumer relationships. By bypassing the intermediaries and traditional retail channels, bakery manufacturers can better understand consumer preferences, receive feedback, and tailor their offerings accordingly. Thus, the major players such as Grupo Bimbo SAB de CV, Dr. Schär AG, Dimpflmeier Bakery Ltd, Campbell Soup Co., and Wonder Brands Inc operating in the market are catalyzing their business by distributing their baked goods through e-commerce platforms, which, in turn, drives the Canada bread market growth.

The key players operating in the Canada bread market are Three Bakers Gluten-Free Bakery, Dr. Schär AG, FGF Brands Inc, Dimpflmeier Bakery Ltd, Vibrant Health Products Inc, Wonder Brands Inc, Bakers Delight Holdings Ltd, Grey Matlock Bakery Inc, Grupo Bimbo SAB de CV, and Campbell Soup Co., among others. Players in the Canada bread market focus on providing high-quality products to fulfill customer demand. They also focus on strategies such as investments in research and development activities, new product launches, and expanding production capacities. Key players in the bread market are adopting e-commerce platforms to meet the growing demand for bread.  

Impact of the COVID-19 Pandemic on the Canada Bread Market

The COVID-19 pandemic initially affected the Canada bread market due to the shutdown of manufacturing units, shortage of labor, disruption of supply chains, and financial instability.

During the COVID-19 pandemic, the bakery industry faced unprecedented challenges in production and distribution due to supply chain constraints caused by nationwide lockdowns, trade bans, and travel restrictions, eventually leading to price hikes. However, the COVID-19 pandemic also had a favorable impact on the Canada bread market to a certain extent. During the early stages of the pandemic, there was a surge in demand for bread as people stocked up essential food items. Bread is a staple food, and consumers turned to it for comfort and convenience during lockdowns and stay-at-home orders from the Canadian government. The COVID-19 pandemic disrupted Canadian supply chains, including those in the bread industry. Factors such as restrictions on movement, closures of manufacturing facilities, and labor shortages affected bread production, raw material procurement, distribution, and availability of bread across the country. With the closure of restaurants, cafes, and food service establishments, there was a shift in consumers' behavior toward home cooking. This increased the demand for bread in retail stores, as consumers relied on homemade meals and convenience foods such as buns, rolls, and sandwiches. Bakeries and bread manufacturers in Canada had to adapt to the changing consumer preferences. There was an increased demand for long-lasting and packaged bread products, such as sliced and frozen bread, as consumers aimed to minimize grocery store visits.

The report includes the segmentation of the Canada bread market as follows:

The Canada bread market is segmented into type, category, and distribution channel. Based on type, the bread market is segmented into loaves, sandwich bread, baguettes, burger buns, and others. By category, the bread market is bifurcated into organic and conventional. In terms of distribution channels, the market is categorized into supermarkets and hypermarkets, specialty stores, online retail, and others. 

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