Canadian Food and Beverage Industry: 2022 Outlook
Following a record year in 2021, the Canadian food and beverage (F&B) industry is expected to grow by more than 11% by the end of 2025.
Despite this positive outlook several factors will continue to challenge F&B manufacturers:
- Rising costs: 57% of F&B manufacturers are reporting difficulties coping with inflation.
- Labour shortages: 78% of manufacturers are struggling to hire.
- Low levels of digitization: Just 46% of Canadian food processors are investing in advanced or emerging technologies.
Find out how you can stay ahead of these challenges to take advantage of the positive outlook for the sector.
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