Canada fruits and vegetable market is projected to witness a CAGR of 2.5% during the forecast period (2020 - 2025).
- Canada holds less share in the North America fruits and vegetable market. It accounted for 3.4% of the North America fruits and vegetable market in 2018. Though Canada is a small market for fruits and vegetables in North America, the market has grown by 1.3% and reached USD 1.8 billion in 2019. This is majorly due to the increase in the price of vegetables. Similarly, the farm gate price for vegetables has grown for the consecutive nine years since 2010.
- In 2019, carrot, onion, tomatoes, cabbage, and lettuce are some of the high-value crops, which accounted for 10.3%, 8.5%, 8.4%, 6.8%, and 6.3%, respectively. Similarly, beets, beans, peppers, and asparagus yield have increased by 15.7%, 7.6%, peppers 6.7%, and 6.4% in 2019.
Key Market Trends
Increasing fruits and vegetables production
According to FAO, fruits and vegetable production was 3,509,810 metric tons in 2016, which has decreased by 4.3% and reached 3,359,792 metric tons in 2018. However, the production has increased by 0.5% when compared to 2017 production. In 2019, the production of vegetables has increased by 1.5%, whereas the production of fruits was decreased by 1.0% when compared to 2018. The production of fruits such as apples, sweet cherries, nectarines, peaches, raspberries, and Saskatoon berries has decreased in 2019 compared to the previous year. Apple production accounted for 20.4%, whereas vinifera grapes, high bush blueberries, cranberries, and strawberries accounted for 16.7%, 15.5%, 11.5%, and 10.5%, respectively. In 2019, the Canadian government and Canadian Horticulture Council together have invested around USD 12.9 million to boost the horticultural production.
Increased Price for Vegetables
The farm gate prices for vegetables in Canada has increased by 3.0% and reached USD 928.6 million in 2019 from 900.7 million in 2018. This is majorly due to the increase in the production and price of vegetables. Farmers have realized high prices for crops such as celery, radishes, rutabagas & turnips, parsnips, watermelon, tomatoes, cauliflower, and broccoli in 2019. Farm-gate prices for celery has increased by 13.2%, followed by regular radishes, rutabagas and turnips, and parsnips by12.8%, 10.8% and 10.3% in the same year.
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