Fastest Growing Industries in Canada by Revenue Growth (%) in 2025

• 1. Glasses & Contact Lens Manufacturing in Canada

  2025 Revenue Growth: 15.3%

  Glasses and contact lens manufacturers in Canada play a crucial role in providing essential vision correction and protective eyewear, supporting the well-being and productivity of individuals across age groups and demographics. In recent years, consumer spending on eyewear has been rising, driven by increased screen time and a growing number of adults 65 and older requiring more eye care solutions. Despite this, competitively priced imports fill a large portion of this demand, creating challe...

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• 2. Cookie, Cracker & Pasta Production in Canada

  2025 Revenue Growth: 15.0%

  The Cookie, Cracker and Pasta Production industry in Canada has experienced strong growth. However, faltering economic and trade conditions threw volatility into the mix during the current period. For example, per capita disposable income fell sharply toward the beginning of the period in 2021-22, which limited demand for discretionary goods from the industry. In addition to this, producers faced volatile prices of several major inputs, including the price of wheat and sugar. The price hikes ...

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• 3. Hog & Pig Farming in Canada

  2025 Revenue Growth: 14.0%

  The Canadian pork industry has seen significant growth since 2020, with revenue climbing at a CAGR of 2.3% to reach an estimated $8.5 billion after growing 11.7% in 2025. Much of the industry's revenue growth has been driven by surges in domestic pork sales led by rapid population expansion. Consistent upticks in red meat prices have also bolstered farmers' cash receipts. However, tapering population growth in 2025, marked by a slowdown in immigration targets, stands to put a damper on this m...

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• 4. Sanitary Paper Product Manufacturing in Canada

  2025 Revenue Growth: 11.0%

  Shifting consumer preferences towards higher-quality, eco-friendly paper hygiene products and growing demand from institutional buyers in healthcare, food service and education anchor the industry’s revenue base. Major downstream clients have prioritized sustainable sourcing and product innovation, intensifying requirements related to certifications such as FSC and EcoLogo. Market expansion has been further affected by domestic population growth, rising urbanization and broadening awareness o...

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• 5. Gambling in Canada

  2025 Revenue Growth: 10.1%

  Gambling in Canada has undergone significant changes recently, anchored by the legalization of single-event sports betting through Bill C-218 in 2021. This amendment to the Criminal Code allowed provinces to regulate single-event sports betting, transforming the gambling landscape. When Ontario legalized online gambling, quickly capitalized on this by integrating single-event betting into its iGaming market in 2022, leading to increased revenues and a more secure betting environment. This shi...

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• 6. Navigational Instrument Manufacturing in Canada

  2025 Revenue Growth: 10.1%

  Navigational instrument manufacturers have faced a fluctuating landscape over recent years, highlighting both challenges and opportunities. While diverse product lines spanning defence, marine, aerospace, and electronic sectors have provided a cushion against major revenue swings, fierce competition and high production costs have narrowed profit and revenue. As defence spending in Canada increased slightly, benefiting manufacturers, it's worth noting that domestic defen...

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• 7. Copper, Zinc & Lead Refining in Canada

  2025 Revenue Growth: 9.3%

  Canadian metal producers have benefited from growing economic uncertainty and rising prices as consumers seek safer investments, such as gold and silver. Similarly, growing manufacturing and construction activity following the initial stages of the pandemic caused the price of other metals, including copper and nickel, to skyrocket, enabling refineries to pass down cost increases to buyers. However, refineries have been negatively impacted by normalizing economic conditions and falling metal ...

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• 8. Natural Gas Distribution in Canada

  2025 Revenue Growth: 8.5%

  Natural gas distributors in Canada, including gas distribution utilities, gas marketers and brokers, have faltered because of the highly volatile world and domestic natural gas prices. Revenue has fluctuated in line with changes in natural gas prices, although the rates paid for natural gas by downstream consumers haven't been as volatile. Prices began to drop amid the US shale gas boom and continued as the pandemic severely reduced the need for gas across commercial and industrial markets. E...

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• 9. Coffee & Tea Production in Canada

  2025 Revenue Growth: 8.4%

  Canada’s coffee and tea producers have spent the past five years riding waves of dramatic volatility. Producers have had to contend with global price fluctuations, supply chain disruptions and sudden shifts in consumer preferences. Early in the period, steep jumps in coffee bean prices and logistical snags put real pressure on profit. Still, most leading manufacturers responded with nimble procurement strategies and flexible sourcing relationships. Revenue growth has been anything but linear—...

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• 10. Market Research in Canada

  2025 Revenue Growth: 8.3%

  Market research operators in Canada suffered from modest swings in revenue stemming from economic volatility for most of the period. While the period started with a dip in revenue because of the pandemic, the changing media landscape and the ability to conduct online market research kept sales from dropping drastically. Market research is needed in times of economic uncertainty since it helps customers navigate unknown waters. Although the economy reopened, a spike in inflationary pressures s...

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