Following expansion at
a compound annual growth rate (CAGR) of 8.04% between 2006 and 2011, the
Packaged Food category in Canada had sales of US$51.0 billion in 2011, an
increase of 8.9% on 2010.
In comparison, the fastest-growing category under Food & Grocery was Packaged Food, with a CAGR of 8.04% between 2006 and 2011. To the contrary, the Tobacco category grew at a CAGR of 3.12%, the lowest growth rate under the Food & Grocery category group between 2006 and 2011.
By 2011, the Packaged Food category in Canada accounted for a market share of 35.1%. In comparison, the Unpackaged Food category represented a market share of 23.8%, while Drinks generated a further 21.7% share of the group in 2011.
Looking ahead, the Packaged Food category will grow at a CAGR of 4.49% between 2011 and 2016, reaching sales of US$63.5 billion in 2016. This represents a total growth of 83.3% from 2006 and 24.6% from 2011.
In comparison, the fastest growing retail category of the Food & Grocery category group between 2011 and 2016 will be Personal Care, achieving a CAGR of 6.20%. The Tobacco category will grow at a CAGR of 2.62%, the lowest growth rate in the Food & Grocery category group between 2011 and 2016.
By 2016, the Packaged Food category will account for 35.7% of the Food & Grocery category group. In comparison, the Unpackaged Food category will account for 23.6%, while the Drinks category will generate a further 20.8% share of the group in 2016.
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