The global biomedical refrigerators and freezers market is slated to magnify at a strong CAGR of 4.2% over the period amid 2016 and 2024. The market, which was worth $2.91 billion in 2015, is predicted to upswing to $4.28 billion by 2024…
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.