The Drinks segment in Canada registered Market value of USD 30,111.85 Millions in 2023
The indicator recorded a historical growth (CAGR) of 0.91% between 2020 to 2023, and is expected to grow by...
GlobalData projects the indicator to grow at a CAGR of...
Drink industry in Canada
Hot drinks in Canada
The hot drinks market consists of the retail sales of coffee, tea and other hot drinks. The coffee segment consists of instant coffee, roast and ground coffee (including ground coffee pods) and coffee beans. The tea segment consists of black specialty tea, fruit and herbal tea, green tea, instant tea and tea pods. The other hot drinks segment consists of chocolate-based hot drinks and malt-based hot drinks.
The Canadian hot drinks market registered strong growth during the review period (2016-2021). The growth of the market is expected to decelerate over the forecast period (2020-2026).
Increasing demand for premium coffee and rising interest on green tea as good for health are primarily driving the value growth of the market. Consumers, particularly millennials, are more health-conscious, and they’re willing to try new, healthier alternatives to traditional soft drinks. With access to many different roasts from various regions around the world, consumers are eagerly becoming coffee connoisseurs.
Soft drinks in Canada
The soft drinks market consists of the retail sale of carbonates, squash/syrups, nectars, energy drinks, juice, packaged water, sports drinks, iced/RTD tea drinks, flavored water, still drinks, enhanced water, fruit powders, bulk/HOD water, and iced/RTD coffee drinks. The total market volume for the soft drinks market excludes powder concentrates, which are included in the market value.
The Canadian soft drinks market registered weak growth during the review period (2016-2021). The growth of the market is expected to accelerate over the forecast period (2019-2026).
Due to rising health risks, The Canadian Beverage Association has taken an initiative to reduce the calorie intake consumed per person by 2024. These initiatives and rising health awareness among Canadian consumers resulted in rising demand for natural juices and premium packaged water.
Category segmentation
Hot coffee is the largest segment of the hot drinks market in Canada, accounting for the largest share of the market's total value.
The Hot tea segment accounts for the second-largest share of the market.
Carbonates are the largest segment of the soft drinks market in Canada, accounting for the largest share of the market's total value.
The Packaged water segment accounts for the second-largest share of the market.
Who are the leading players in the Canadian hot drinks market?
Who are the leading players in the Canadian soft drinks market?
United States of America
United States of America
United States of America
United States of America
Germany
China
United States of America
United States of America
United States of America
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