Forecast: Food Merchant Wholesalers Operating Revenue in Canada

The operating revenues for food merchant wholesalers in Canada have shown a consistent upward trend from 2013 to 2023. The value stood at 148.87 billion CAD in 2023, indicating a steady increase with notable peaks in 2016 (5.51% YoY) and 2021 (5.94% YoY).

Year-on-year variations over the last two years highlight a slight deceleration with 0.63% in 2022 and 2.82% in 2023. For the last five years, the compound annual growth rate (CAGR) averaged 3.2%, reflecting stable growth despite fluctuations in individual yearly performances.

Forecasts from 2024 onwards predict a more moderate growth pace with a forecasted five-year CAGR of 1.98%, leading to a cumulative growth rate of 10.31% by 2028. By 2028, revenue is projected to reach 168.68 billion CAD.

Future trends to watch for include potential impacts of inflation, supply chain disruptions, and evolving consumer preferences towards sustainable and locally-sourced foods which could affect market dynamics and revenue growth. Monitoring these variables will be crucial for forecasting and strategic planning.