Canada Plant-based Food and Beverages Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Plant Based Food Canada Market and is segmented by Product Type (Meat Substitutes, Dairy Alternative Beverages, Non-dairy Ice Cream, Non-dairy Cheese, Non-dairy Yogurt, Non-dairy Spreads, and Other Plant-Based Products); and by Distribution Channel (Hypermarkets/Supermarkets, Convenience Stores, Online Retail Channels, and Other Distribution Channels).

Canada Plant-based Food and Beverages Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Canada Plant-based Food and Beverages Market Size

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Canada plant-based food and beverages market
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 9.22 %
Market Concentration Low

Major Players

Canada Plant-based Food and Beverages Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Canada Plant-based Food and Beverages Market with other markets in Food & Beverage Industry

Beverages

Food

Food Ingredients and Food Additives

Food Supplements

Canada Plant-based Food and Beverages Market Analysis

The Canada Plant-based Food and Beverages Market is expected to register a CAGR of 9.22% during the forecast period.

Early in April 2020, meat packing plants began to close as a result of the Covid-19 virus' quick spread among employees. According to Statistics Canada, Covid-19 shook up the supply of beef in Canada by forcing the closure of numerous slaughterhouses and meat processing facilities, causing customers to rush out and buy beef out of worry over a potential shortage. While farmers received reduced prices for their cattle, consumers saw unusual price hikes for beef. Such conditions posed new opportunities for plant-based companies. Though Covid-19 had a significant impact on the retail food industry in 2020, consumers' shift to plant-based foods started pre-pandemic and the trend is expected to grow in the future.

Over the medium term, the market is expected to be driven by the increased consumer demand for vegan food and beverages such as coconut milk, almond milk, and plant-based meat products, among others. Further, the rising preference for specific nutrients has led to an increased demand for functional plant-based food and beverages, which are usually fortified with vitamins and other essential nutrients.

Moreover, rising concern about animal welfare along with increased environmental awareness are identified as key driving factors of the Canada market. Availability of media coverage that reveals the impact of meat and dairy production on global warming and greenhouse gases is likely to foster the consumer shift toward plant-based food and beverages over the forecasted period.

Canada Plant-based Food and Beverages Industry Overview

Some of the major companies in the market include Nestle SA, Impossible Foods Inc, Beyond Meat, Otsuka Holdings Co. Ltd. (Daiya Foods), and Danone SA. The competition is increasing in the Canada plant-based food and beverages market with both domestic and international players focused on new product launches that include innovative flavors, improved textures, and clean label ingredients. Further, leading companies invest in the mergers and acquisitions of local players to accelerate market growth. For instance, in January 2022 PlantPlus Foods LLC acquired Sol Cuisine Ltd., a Canadian producer of tofu and fresh and frozen plant-based meat substitutes, for roughly USD 99 million.

Canada Plant-based Food and Beverages Market Leaders

  1. Beyond Meat

  2. Impossible Foods Inc.

  3. Danone SA

  4. Nestle SA

  5. Otsuka Holdings Co., Ltd.

  6. *Disclaimer: Major Players sorted in no particular order
Canada plant based Market conc. Graph.png
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Canada Plant-based Food and Beverages Market News

  • In May 2022, Danone Canada launched a fresh-new dairy-free beverage called - Nextmil under its Silk Canada brand.
  • In August 2021, Beyond Meat announced its partnership with A&W Canada to launch plant-based chicken nuggets nationwide for a limited time.
  • In July 2020, HumanCo. holding company that promotes sustainability and healthy living announced the purchase of the majority shares of Coconut Bliss, a maker of organic plant-based ice cream.

Canada Plant-based Food and Beverages Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Porter's 5 Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 By Product Type
    • 5.1.1 Meat Substitutes
    • 5.1.1.1 Textured Vegetable Protein
    • 5.1.1.2 Tofu
    • 5.1.1.3 Tempeh
    • 5.1.1.4 Others
    • 5.1.2 Dairy Alternative Beverages
    • 5.1.2.1 Soy Milk
    • 5.1.2.2 Almond Milk
    • 5.1.2.3 Other Dairy Alternative Beverages
    • 5.1.3 Non-dairy Ice Cream
    • 5.1.4 Non-dairy Cheese
    • 5.1.5 Non-dairy Yogurt
    • 5.1.6 Other Plant Based Products
  • 5.2 By Distribution Channel
    • 5.2.1 Supermarkets/ Hypermarkets
    • 5.2.2 Convinience Sores
    • 5.2.3 Online Retail Channels
    • 5.2.4 Other Distribution Channels

6. COMPETITIVE LANDSCAPE

  • 6.1 Most Adopted Strategies
  • 6.2 Market Share Analysis
  • 6.3 Company Profiles
    • 6.3.1 Nestle SA
    • 6.3.2 Impossible Foods Inc.
    • 6.3.3 Beyond Meat
    • 6.3.4 Modern Plant-Based Foods
    • 6.3.5 Tonnies Holding Aps & Co. KG
    • 6.3.6 Amy's Kitchen
    • 6.3.7 Gatherted Meat
    • 6.3.8 Danone S.A.
    • 6.3.9 Otsuka Holdings Co., Ltd. (Daiya Food)
    • 6.3.10 The Meatless Farm Company
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

8. IMPACT OF COVID-19 ON THE MARKET

9. DISCLAIMER

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Canada Plant-based Food and Beverages Industry Segmentation

Plant-based food and beverages are manufactured using plant-based ingredients. The plant-based food primarily includes meat alternatives made from different vegan ingredients like chickpea, soy, tofu, and pea protein among others. Likewise, plant-based beverages include dairy alternatives derived from almonds, coconuts, cashews, soy, and oats, among others.

The Canada plant-based food and beverages market is segmented by product type and distribution channel. By product type, the market is segmented into meat substitutes, dairy alternative beverages, non-dairy ice cream, non-dairy cheese, non-dairy yogurt, non-dairy spreads, and other plant-based products that include non-dairy chocolates, and milk powders, etc. By distribution channel, the market is segmented into hypermarkets/supermarkets, convenience stores, online retail channels, and other distribution channels. The report offers market size and forecasts in value (USD million) during the forecasted years for the above segments.

By Product Type Meat Substitutes Textured Vegetable Protein
Tofu
Tempeh
Others
Dairy Alternative Beverages Soy Milk
Almond Milk
Other Dairy Alternative Beverages
Non-dairy Ice Cream
Non-dairy Cheese
Non-dairy Yogurt
Other Plant Based Products
By Distribution Channel Supermarkets/ Hypermarkets
Convinience Sores
Online Retail Channels
Other Distribution Channels
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Canada Plant-based Food and Beverages Market Research FAQs

What is the current Canada Plant-based Food and Beverages Market size?

The Canada Plant-based Food and Beverages Market is projected to register a CAGR of 9.22% during the forecast period (2025-2030)

Who are the key players in Canada Plant-based Food and Beverages Market?

Beyond Meat, Impossible Foods Inc., Danone SA, Nestle SA and Otsuka Holdings Co., Ltd. are the major companies operating in the Canada Plant-based Food and Beverages Market.

What years does this Canada Plant-based Food and Beverages Market cover?

The report covers the Canada Plant-based Food and Beverages Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Canada Plant-based Food and Beverages Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Canada Plant Based Food & Beverages Industry Report

Statistics for the 2025 Canada Plant-based Food and Beverages market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Canada Plant-based Food and Beverages analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.