Operating revenue for Food, Beverage, and Tobacco Merchant Wholesalers in Canada saw steady growth from 2013 to 2023, increasing from 117.44 billion to 169.85 billion CAD. Year-on-year fluctuations varied, with notable peaks in 2016 and 2021, each exceeding 5%. The last two years showed modest growth, while the last five years yielded a CAGR of 3.46%. Forecasts suggest a 10.92% total growth from 2024 to 2028, reflecting a slower annual CAGR of 2.09%.
Future trends to watch for include:
- Impact of evolving consumer preferences, particularly toward health-conscious options.
- Adoption of technology and digitalization in supply chain logistics.
- Effects of regulatory changes and environmental policies on operating costs and strategies.
- Potential volatility from global trade dynamics and currency exchange rates.
