The global pet care market is foretold to improve in the forthcoming years as matched to the preceding years and will showcase better sales in various market segments. It is estimated that the global pet care market will grow at a CAGR o…
BMI View: Canadian consumers face headwinds arising from high household indebtedness levels,
increasing housing prices as well as negative labour market trends. Taking into consideration the subdued
overall country's economic situation, negatively affected by the lower oil price environment, we forecast
Canada's food and drink industry to experience a slowdown over the coming quarters before gradually
picking up from late 2017.
Latest Updates & Industry Developments
? The economic slowdown will continue to weigh on consumer confidence over the coming quarters,
impacting headline food sales in Canada. Upmarket, niche categories, popular among higher-income
households will be less impacted by the slowdown.
? Demand for premium and innovative alcoholic drinks will remain strong across the industry, benefiting
craft brewers and distillers. Supported by favourable structural dynamics, wine will be the most
promising alcoholic drinks category.