From 2013 to 2023, salaries and wages in the Canadian ice cream and frozen dessert manufacturing sector experienced fluctuations, peaking notably in 2018 at $158.71 million CAD. In 2023, the sector saw a valuation of $130.84 million CAD. Over the last two years leading up to 2024, the industry witnessed marginal year-on-year stabilizations and minor declines, indicating a shift after previous substantial variations. The recent 5-year CAGR is declining at -3.79%, suggesting a steady reduction in value.
Future trends to watch for include a continuous decrease in salaries and wages with an anticipated average annual decline of 1% predicted until 2028, signaling further consolidation and potentially rising operational efficiencies. Stakeholders should monitor industry automation, cost management practices, and shifting consumer preferences influencing operational structures.
