Based on the expert analysis and our database of 480+ CA industries, IBISWorld presents a list of the Fastest Growing Industries in Canada by Revenue Growth (%) in 2020
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View a list of the Top 25 fastest growing industries2019-2020 Revenue Growth: 15.8%
The Cannabis Production industry in Canada has blossomed over the five years to 2019 as a massive market was introduced into the industry, driving up revenue late during the period. Since Health Canada opened up medicinal cannabis production to more players in 2013, the industry has grown continuously as operators invest in production capabilities to produce quality products. However, the legalization of recreational cannabis in 2018 has been the primary driver of the industry boom during the period. As consumers shifted from illegal cannabis purchases to the licensed recreational market, the industry grew significantly and is expected to grow 68.3%... Learn More
2019-2020 Revenue Growth: 8.6%
The Electric Power Transmission industry in Canada is responsible for storing and distributing electricity from Canada's upstream generation facilities. Industry operators manage transmission and distribution networks that total more than 160,000 kilometres to serve residential, industrial and commercial customers. Industry performance is dependent on electricity prices within provinces, although the inelasticity of energy demand and the high degree of regulation insulates operators from any significant revenue declines. Industry performance is also closely tied to demand from major industrial, residential and commercial markets. While residential market demand is somewhat inelastic, industrial and commercial output and demand are much more variable, so... Learn More
2019-2020 Revenue Growth: 7.5%
The Soybean Farming industry in Canada has declined over the five years to 2020 as a result of the spillover from trade war between China and the United States. China had traditionally been the largest export market for industry products, consistently accounting for over 50.0% of industry exports. However, geopolitical tension between China and Canada, which developed toward the end of the five-year period, caused a dramatic decline in the trade of industry products between the two countries. This, combined with lower prices and increased competition from US soybeans, are expected to result in the industry declining at an annualized... Learn More
2019-2020 Revenue Growth: 7.5%
The E-commerce and Online Auctions industry in Canada composes of retailers that primarily sell their products online. Accelerated by the rising number of internet connections, industry revenue is expected to post strong gains, increasing at an annualized rate of 12.8% to $10.2 billion over the five years to 2019. Revenue is forecast to rise 5.0% in 2019 alone as more Canadians, persuaded by increasingly easy-to-use and secure websites, shift their shopping online. The exceptional rate of growth in this industry is aided in part by the increasing internet traffic volume (e.g. number of fixed broadband and mobile connections), disposable income... Learn More
2019-2020 Revenue Growth: 7.3%
The Frozen Food Production industry in Canada is expected to experience solid growth over the five years to 2020, as operators have developed a variety of healthier offerings that have helped revamp the industry's image and have driven demand for goods. Historically, during times of rising income levels, consumers have diverted demand away from frozen goods in favour of fresh products, which are traditionally considered healthier. However, industry operators have helped ameliorate the effect of this trend by offering increasingly nutritious products. Moreover, the Canadian dollar's depreciation in recent years has helped boost export sales, with exports as a share... Learn More
2019-2020 Revenue Growth: 6.4%
Operators in the Gold and Silver Ore Mining industry in Canada are primarily engaged in mining, beneficiating or otherwise preparing gold or silver ore. Industry revenue is a function of domestic gold and silver production alongside prices, which are informed by global supply and demand. The industry has experienced growth over the five years to 2020, largely driven by increasing gold production and prices. Though the world price of silver has also increased, decreased production has diminished it as an increasingly minor source of industry revenue. This has further increased the amount of industry revenue generated by gold production, with... Learn More
2019-2020 Revenue Growth: 6.3%
Operators in the Canned Fruit and Vegetable Processing industry in Canada manufacture vegetable-based sauces, soups, canned produce, juices and dehydrated fruits and vegetables. The industry has struggled in recent years, with health concerns regarding some of its products and rising income levels, prompting consumers to turn to fresher or premium alternative goods. Despite manufacturers' efforts to introduce healthier brand extensions and safer packaging, demand for industry products has waned, lowering industry revenue recently. However, a drastic downturn in industry revenue in 2015, caused largely by the decision of the Kraft Heinz Company to move its ketchup production operations to the... Learn More
2019-2020 Revenue Growth: 6.0%
The Copper, Zinc and Lead Refining industry in Canada smelts ores extracted by upstream miners and refines nonferrous metals that are further processed by downstream metal manufacturers. Some of the industry's largest operators such as Glencore PLC are vertically integrated, processing their own mined output. The industry's highest-grossing products are copper, nickel, zinc and gold. Industry product prices are closely tied to global supply conditions in upstream mining industries. While prices for individual goods can be highly volatile, the number of metals used to make industry goods can help moderate volatility, as the prices of these goods are often not... Learn More
2019-2020 Revenue Growth: 5.6%
Over the five years to 2019, the role of physical therapy in promoting health and wellness has increased, benefiting the Physical Therapists industry in Canada. The industry exhibited strong growth during the period due to an aging population and rising per capita disposable income. According to Statistics Canada, the population of people aged 65 and older represents the fastest-growing age group in the country. As the population ages, the number of seniors with conditions requiring physiotherapy, such as hip and knee replacements and arthritis, will likely increase. Accordingly, the Conference Board of Canada anticipates the number of seniors that will... Learn More
2019-2020 Revenue Growth: 5.3%
The Meat, Beef and Poultry Processing industry in Canada is a powerhouse in Canada's food manufacturing sector, representing nearly 30.0% of sector revenue and employing an estimated 72,000 workers in 2020. Despite this role, industry growth prospects have been threatened by slow growth in per capita meat consumption. Disease outbreaks and a growing awareness of the health risks associated with red meat consumption, in particular, have threatened Canadian appetites for steaks and fresh meats. However, the recent COVID-19 (coronavirus) outbreak is expected to support industry demand in 2020. As a result, IBISWorld projects industry revenue to increase at an annualized... Learn More
Based on the expert analysis and our database of 480+ CA industries, IBISWorld presents a list of the Biggest Industries by Revenue in Canada in 2020
VIEW ARTICLEBased on the expert analysis and our database of 480+ CA industries, IBISWorld presents a list of the Industries with Largest Number of Bussinesses in Canada in 2020
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