In 2023, the cost of goods sold by food merchant wholesalers in Canada was approximately CAD 122 billion. From 2024 to 2028, a steady upward trend is anticipated, with the cost projected to rise from CAD 125.11 billion in 2024 to CAD 137.56 billion in 2028. Year-on-year percentage increases for 2024-2025, 2025-2026, 2026-2027, and 2027-2028 are approximately 2.53%, 2.44%, 2.36%, and 2.28%, respectively. The compound annual growth rate (CAGR) for this period stands at around 2.42%.
Future trends to watch for:
- Potential impacts of inflation on wholesale prices and their effect on profit margins.
- Shifts in consumer behavior towards local and organic foods influencing wholesale dynamics.
- Technological advancements in supply chain and logistics optimizing cost efficiencies.
- Governmental regulations affecting trade policies and their repercussions on costs.
