Industry Statistics and Trends
Market size and recent performance (2015-2030)
Industry revenue has grown at a CAGR of 5.7 % over the past five years, to reach an estimated $8.8bn in 2025.
Trends and Insights
Health-conscious canadians reshape product demand in baking and prepared foods
- Over the past five years, Canadian consumers shifted decisively toward baking mixes and prepared foods that emphasize health benefits. Demand for gluten-free, plant-based and reduced-sugar products expanded quickly. Major brands such as Robin Hood adapted by launching gluten-free flour blends, addressing growing interest in wellness-focused everyday baking.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2025-2030)
Market size is projected to grow over the next five years.
Trends and Insights
Sustainability will become a competitive necessity
- In the next five years, Canadian consumers are expected to prioritize sustainability in baking mixes and prepared foods. Younger buyers in particular are driving demand for eco-friendly packaging and responsibly sourced ingredients. Environmental responsibility is shifting from a market trend to a long-term competitive necessity across the food sector.
Biggest companies in the Baking Mix & Prepared Food Manufacturing in Canada
| Company | Market Share (%)
2025 | Revenue
2025 | Profit
2025 | Profit Margin (%)
2025 |
|---|
There are no companies that hold a market share exceeding 5% in the Baking Mix & Prepared Food Manufacturing in Canada industry.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Perishable prepared foods sold in bulk or packages, Flavouring powder, tablets, paste and ingredients and Egg products. Perishable prepared foods sold in bulk or packages is the largest segment of the Baking Mix & Prepared Food Manufacturing in Canada.
Trends and Insights
Perishable prepared foods sold in bulk or packages account for the largest segment
- Bulk packaged prepared foods—salads, sandwiches, soups, pre-cut vegetables and pasta dishes—represent Canada’s largest convenience segment, appealing to busy consumers seeking practical, ready-to-eat meal options for everyday use.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
The Baking Mix and Prepared Food Manufacturing industry manufactures perishable prepared foods such as sandwiches, prepared meals and peeled or cut vegetables. Companies in the industry also use dried and dehydrated ingredients to manufacture dessert mixes, flavouring powders and processed eggs.
What's included in this industry?
Products and services covered in the Baking Mix & Prepared Food Manufacturing industry in Canada include Manufacturing perishable prepared foods sold in bulk or packages, not frozen or canned, Manufacturing dessert mixes, Manufacturing sweetening syrup and molasses, Manufacturing baking powder and yeast, Manufacturing macaroni and pasta products that are packaged with other ingredients, not frozen or canned, Manufacturing dried and dehydrated products, except pasta, packaged with other ingredients, Manufacturing liquid, dried and frozen eggs and Manufacturing flavouring powders, tablets and paste, including dry mix cocktail.Companies
Companies covered in the Baking Mix & Prepared Food Manufacturing industry in Canada include .Purchase this report to view all major companies in this industry.
Related Terms
Related terms covered in the Baking Mix & Prepared Food Manufacturing industry in Canada include shelf life, food service provider and wholesale bypass.Industry Code
NAICS 311990 - Baking Mix & Prepared Food Manufacturing in Canada
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Producers are adapting to shifting consumer preferences. Consumers, particularly those in Latin America, India and Asia, want healthy alternatives and a wider array of food.
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2015-2024) and forecast (2025-2030)
- Employees, including historical (2015-2024) and forecast (2025-2030)
- Businesses, including historical (2015-2024) and forecast (2025-2030)
- Profit, including historical (2015-2025)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Consumers are increasingly leaning towards healthier options. Industry providers must shift product lines to meet growing health trends. Adapting to these preferences is esse...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2025
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2025
- Major market segmentation in 2025
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Access to trade routes is crucial for export-focused companies. The Port of Vancouver strengthens British Columbia’s role in the industry by providing a key hub for internati...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each province
- Share of population compared to establishments in each region in 2025
Tables
- Number and share of establishments in each province in 2025
- Number and share of revenue each province accounts for in 2025
- Number and share of wages each province accounts for in 2025
- Number and share of employees in each province in 2025
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Consumer preferences for healthy alternatives drive innovation, while quality dictates what they're willing to pay. Companies respond by developing new products that meet the...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2020-2025
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
There are no companies that hold a market share exceeding 5% in the Baking Mix & Prepared Food Manufacturing in Canada industry.
Analyst insights
Top companies are diversifying by launching healthy food lines to meet rising consumer demand for nutritious options. This strategic move responds to a growing market trend, ...
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The Canadian Food Inspection Agency (CFIA) enforces stringent product labelling and content claims regulations. Recalls and CFIA warnings severely impact a producer’s sales a...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2015-2030)
- Assistance historical data and forecast (2015-2030)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Larger companies leverage brand loyalty to raise prices and offset rising input costs, maintaining their profit. Smaller firms, however, risk reducing demand when they boost ...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
- Investment vs. share of economy
Data tables
- Liquidity Ratios (2018-2023)
- Coverage Ratios (2018-2023)
- Leverage Ratios (2018-2023)
- Operating Ratios (2018-2023)
- Assets (2018-2023)
- Liabilities (2018-2023)
- Cash Flow & Debt Service Ratios (2015-2030)
- Revenue per Employee (2015-2030)
- Revenue per Enterprise (2015-2030)
- Employees per Establishment (2015-2030)
- Employees per Enterprise (2015-2030)
- Average Wage (2015-2030)
- Wages/Revenue (2015-2030)
- Establishments per Enterprise (2015-2030)
- IVA/Revenue (2015-2030)
- Imports/Demand (2015-2030)
- Exports/Revenue (2015-2030)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2015-2030)
- IVA (2015-2030)
- Establishments (2015-2030)
- Enterprises (2015-2030)
- Employment (2015-2030)
- Exports (2015-2030)
- Imports (2015-2030)
- Wages (2015-2030)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Baking Mix & Prepared Food Manufacturing industry in Canada in 2025?
The market size of the Baking Mix & Prepared Food Manufacturing industry in Canada is $8.8bn in 2025.
How many businesses are there in the Baking Mix & Prepared Food Manufacturing industry in Canada in 2025?
There are 2,298 businesses in the Baking Mix & Prepared Food Manufacturing industry in Canada, which has grown at a CAGR of 4.6 % between 2020 and 2025.
How may import tariffs affect the Baking Mix & Prepared Food Manufacturing industry in Canada?
The Baking Mix & Prepared Food Manufacturing industry in Canada is likely to be impacted by import tariffs with imports accounting for a moderate share of industry revenue.
How may export tariffs affect the Baking Mix & Prepared Food Manufacturing industry in Canada?
The Baking Mix & Prepared Food Manufacturing industry in Canada is likely to be impacted by export tariffs with exports accounting for a moderate share of industry revenue.
Has the Baking Mix & Prepared Food Manufacturing industry in Canada grown or declined over the past 5 years?
The market size of the Baking Mix & Prepared Food Manufacturing industry in Canada has been growing at a CAGR of 5.7 % between 2020 and 2025.
What is the forecast growth of the Baking Mix & Prepared Food Manufacturing industry in Canada over the next 5 years?
Over the next five years, the Baking Mix & Prepared Food Manufacturing industry in Canada is expected to grow.
What does the Baking Mix & Prepared Food Manufacturing industry in Canada include?
Manufacturing perishable prepared foods sold in bulk or packages, not frozen or canned and Manufacturing dessert mixes are part of the Baking Mix & Prepared Food Manufacturing industry in Canada.
How competitive is the Baking Mix & Prepared Food Manufacturing industry in Canada?
The level of competition is moderate and steady in the Baking Mix & Prepared Food Manufacturing industry in Canada.
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Canada include:
- Statistics Canada
- Industry Canada
- Canadian Business Patterns
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
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