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Frozen Food Production in Canada Industry Data and Analysis
The Frozen Food Production industry has expanded as companies have developed a variety of healthier offerings that appeal to an increasing number of consumers. These new products have helped revamp the image of frozen food. Historically, consumers have shifted away from frozen goods in favour of fresh products, which have traditionally been considered healthier, particularly when disposable income is high. However, producers have worked to change this by offering increasingly nutritious products. At the same time, the Canadian dollar has stabilized at levels well below its historic highs, promoting growth in export revenue. Revenue has been growing at a CAGR of 4.5% over the past few years and is expected to reach $8.5 billion in 2025, when it will climb an estimated 2.3%.
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What's included in this industry analysis
IBISWorld's research coverage on the Frozen Food Production industry in Canada includes market sizing, forecasting, data and analysis from 2016-2031. The most recent publication was released January 2026.
About this industry
What's this industry report about?
The Frozen Food Production industry in Canada operates under the NAICS industry code 31141CA. Companies in this industry produce frozen food products like frozen meat, fruits, vegetables, fish, seafood and poultry. These products are subsequently distributed to outlets like grocery wholesalers, retail food stores and hospitality companies. Related terms covered in the Frozen Food Production industry in Canada include cryogenic freezing, additive and robotics.
What's included in this industry?
Products and services covered in Frozen Food Production industry in Canada include Frozen meat, Frozen poultry and Frozen fish and seafood.
What companies are included in this industry?
Companies covered in the Frozen Food Production industry in Canada include McCain Foods.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Frozen Food Production industry in Canada.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Frozen Food Production industry in Canada.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Frozen Food Production industry in Canada.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Frozen Food Production industry in Canada. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Frozen Food Production industry in Canada. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Frozen Food Production industry in Canada. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Frozen Food Production industry in Canada. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Frozen Food Production industry in Canada.
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Frequently Asked Questions
What is the market size of the Frozen Food Production industry in Canada in 2026?
The market size of the Frozen Food Production industry in Canada is $8.5bn in 2026.
How many businesses are there in the Frozen Food Production industry in Canada in 2026?
There are 330 businesses in the Frozen Food Production industry in Canada, which has grown at a CAGR of 1.8 % between 2021 and 2026.
How may import tariffs affect the Frozen Food Production industry in Canada?
The Frozen Food Production 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 Frozen Food Production industry in Canada?
The Frozen Food Production industry in Canada is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.
Has the Frozen Food Production industry in Canada grown or declined over the past 5 years?
The market size of the Frozen Food Production industry in Canada has been growing at a CAGR of 4.5 % between 2021 and 2026.
What is the forecast growth of the Frozen Food Production industry in Canada over the next 5 years?
Over the next five years, the Frozen Food Production industry in Canada is expected to grow.
What are the biggest companies in the Frozen Food Production industry in Canada?
The biggest company operating in the Frozen Food Production industry in Canada is McCain Foods
What does the Frozen Food Production industry in Canada include?
Producing frozen meats and Producing frozen fish and seafood are part of the Frozen Food Production industry in Canada.
Which companies have the highest market share in the Frozen Food Production industry in Canada?
The company holding the most market share in the Frozen Food Production industry in Canada is McCain Foods.
How competitive is the Frozen Food Production industry in Canada?
The level of competition is moderate and increasing in the Frozen Food Production industry in Canada.
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