Market Share of Canada Plant-based Food and Beverages Industry
Some of the major companies in the market include Nestle SA, Impossible Foods Inc, Beyond Meat, Otsuka Holdings Co. Ltd. (Daiya Foods), and Danone SA. The competition is increasing in the Canada plant-based food and beverages market with both domestic and international players focused on new product launches that include innovative flavors, improved textures, and clean label ingredients. Further, leading companies invest in the mergers and acquisitions of local players to accelerate market growth. For instance, in January 2022 PlantPlus Foods LLC acquired Sol Cuisine Ltd., a Canadian producer of tofu and fresh and frozen plant-based meat substitutes, for roughly USD 99 million.
Canada Plant-based Food and Beverages Market Leaders
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Beyond Meat
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Impossible Foods Inc.
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Danone SA
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Nestle SA
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Otsuka Holdings Co., Ltd.
*Disclaimer: Major Players sorted in no particular order
