Agricultural Feed Wholesaling in Canada - Market Research Report (2013-2028)
New York, United States
Last Updated: October 2023
NAICS 41831CARevenue
$7.2bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
3,891
Businesses
428
Wages
$XXX.Xm
Agricultural Feed Wholesaling in Canada industry analysis
Agricultural feed wholesalers distribute animal feed products to animal farmers and retailers, including pet stores and supermarkets. Revenue has increased in recent years because of a growing price of animal feed. Alongside growing feed prices, increased demand from animal farmers has fuelled industry revenue growth as consumers have increased spending. Revenue grew despite the COVID-19 pandemic as demand for animal meat products and feed for pets and other animals remained high. Revenue for Canadian agricultural feed wholesalers is expected to grow at a CAGR of 5.0% to $7.2 billion through the end of 2023, despite a decline of 1.9% in 2023 alone when profit will reach 2.0% of revenue.Growing feed prices has fuelled revenue growth as feed wholesalers have been able to capture more revenue per sale. Diminished demand for agricultural feed from producers of certain red meat products has constrained revenue growth. Changing consumer sentiment about red meat products has constrained demand from a crucial downstream market. Both the industry's major upstream and downstream markets, animal farms and animal feed producers, have steadily consolidated. Fewer animal farms and feed producers result in fewer, but larger wholesaling opportunities, leading to industry consolidation. The number of small wholesaling operations has shrunk. As feed producers have vertically integrated wholesale services into their supply chain, many independent wholesalers have been driven out of the industry. Profit has slipped in recent years because of growing input prices, primarily corn, which has increased purchase costs.Revenue is expected to grow in the coming years. The price of feed is expected to grow as biofuel production regains steam. Demand from key animal production and retail industries will strengthen as the overall economy grows and individuals spend more on food items. Agricultural feed wholesale revenue is expected to increase at a CAGR of 0.2% to $7.3 billion through the end of 2028, when profit will account for 2.9% of revenue.
Trends and Insights
- Economic growth contributes to revenue gains. As downstream spending has grown, demand from animal producers for feed has surged.
- The livestock and dairy feed segment has diminished as a share of revenue. Some consumers have switched to poultry and plant-based protein sources.
- The distribution of establishments largely follows population patterns and the distribution of animal producers. Wholesalers tend to be located near or in heavily populated areas where there are household consumers with pets.
- Wholesalers compete based on price because there is minimal differentiation between products. Price is an important determinant in demand for pet foods at the retail level.
Industry Overview
Market size and recent performance (2013-2028)
Industry revenue has grown at a CAGR of 5.0 % over the past five years, to reach an estimated $7.2bn in 2023.
Trends and Insights
Animal feed production continues to grow
- Downstream animal feed producers rely on numerous crops for inputs, including coarse grains, like barley, corn and oats, in addition to canola and soybeans.
- Additional trends and insights available with purchase
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Health trends constrain growth
- Agricultural feed wholesalers depend on a thriving market for various livestock products. Diminished demand for certain meats and animal products has begun to influence animal production in the United States and Canada.
Biggest companies in the Agricultural Feed Wholesaling in Canada
| Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
|---|---|---|---|---|
Sollio Cooperative Group | 238.8 | N/A | N/A |
To view the market share and analysis for all 1 top companies in this industry, view purchase options.
Products & Services Segmentation
Agricultural Feed Wholesaling in Canada
Products & Services
Industry revenue is measured across several distinct product and services lines, including Livestock and dairy feed, Hog and pig feed and Poultry feed. Livestock and dairy feed is the largest segment of the Agricultural Feed Wholesaling in Canada.
Trends and Insights
Livestock and dairy feed comprises the largest share of revenue
- Most cattle are raised on either a grass- or corn-fed diet. Grass-fed or pasture-fed cattle eat different types of forage, including grass, legumes or silage. Most grass-fed cattle are raised for beef production, while dairy cattle tend to be corn-fed.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Farm Supplies Wholesaling in Canada
Complementors
- Tool & Hardware Wholesaling in Canada
- Farm, Lawn & Garden Equipment Wholesaling in Canada
- Grocery Wholesaling in Canada
International industries
- Farm Animal Feed Production in the US
- Farm Animal Feed Production in Australia
- Grain, Seed, Animal Feed & Unmanufactured Tobacco Wholesaling in the UK
- Großhandel mit Getreide, Saatgut und Futtermitteln
Table of Contents
About this industry
Industry definition
This industry comprises enterprises primarily engaged in wholesaling animal feed. Wholesalers of pet food are also included.
What's included in this industry?
Wholesaling animal feed for farm animals including silage, pelleted feeds, oils and mixed rationsWholesaling pet food for domesticated animalsCompanies
Sollio Cooperative GroupPurchase this report to view all 1 major companies in this industry.
Related Terms
WHOLESALE BYPASSRADIO-FREQUENCY IDENTIFICATION (RFID)COOPERATIVEMANUFACTURERS' SALES BRANCHES AND OFFICES (MSBOS)Industry Code
NAICS 418310 - Agricultural Feed Wholesaling in Canada
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Economic growth contributes to revenue gains. As downstream spending has grown, demand from animal producers for feed has surged.
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2013-2022) and forecast (2023-2028)
- Employees, including historical (2013-2022) and forecast (2023-2028)
- Businesses, including historical (2013-2022) and forecast (2023-2028)
- Profit, including historical (2013-2023)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
The livestock and dairy feed segment has diminished as a share of revenue. Some consumers have switched to poultry and plant-based protein sources.
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2023
- Product innovation level
Charts
- Products & services segmentation in 2023
- Major market segmentation in 2023
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
The distribution of establishments largely follows population patterns and the distribution of animal producers. Wholesalers tend to be located near or in heavily populated a...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each province
- Share of population compared to establishments in each region in 2023
Tables
- Number and share of establishments in each province in 2023
- Number and share of revenue each province accounts for in 2023
- Number and share of wages each province accounts for in 2023
- Number and share of employees in each province in 2023
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Wholesalers compete based on price because there is minimal differentiation between products. Price is an important determinant in demand for pet foods at the retail level.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2018-2023
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Concentration is minimal among agricultural feed wholesalers. Regional wholesalers tend to focus on a specific region rather than expand across Canada.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2019 through 2023
- Major companies in the industry, including market share, revenue, profit and profit margin in 2023
- Overview of Sollio Cooperative Group's performance by revenue, market share and profit margin from 2017 through 2023
Detailed analysis
- Description and key data for Sollio Cooperative Group, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The price of feed is a key determinant of performance. Changing prices for feed have a significant influence on revenue and profit.
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2013-2028)
- Assistance historical data and forecast (2013-2028)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Purchases account for the bulk of costs. Since wholesalers buy products from producers and resell them, purchases are a key expense.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Investment vs. share of economy
Data tables
- Liquidity Ratios (2016-2021)
- Coverage Ratios (2016-2021)
- Leverage Ratios (2016-2021)
- Operating Ratios (2016-2021)
- Assets (2016-2021)
- Liabilities (2016-2021)
- Cash Flow & Debt Service Ratios (2013-2028)
- Revenue per Employee (2013-2028)
- Revenue per Enterprise (2013-2028)
- Employees per Establishment (2013-2028)
- Employees per Enterprise (2013-2028)
- Average Wage (2013-2028)
- Wages/Revenue (2013-2028)
- Establishments per Enterprise (2013-2028)
- IVA/Revenue (2013-2028)
- Imports/Demand (2013-2028)
- Exports/Revenue (2013-2028)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2013-2028)
- IVA (2013-2028)
- Establishments (2013-2028)
- Enterprises (2013-2028)
- Employment (2013-2028)
- Exports (2013-2028)
- Imports (2013-2028)
- Wages (2013-2028)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Canada include:
- Statistics Canada
- Industry Canada
- Canadian Business Patterns
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Agricultural Feed Wholesaling industry in Canada in 2024?
The market size of the Agricultural Feed Wholesaling industry in Canada is $7.2bn in 2024.
How many businesses are there in the Agricultural Feed Wholesaling in Canada industry in 2023?
There are 428 businesses in the Agricultural Feed Wholesaling industry in Canada, which has declined at a CAGR of 1.9 % between 2018 and 2023.
Has the Agricultural Feed Wholesaling industry in Canada grown or declined over the past 5 years?
The market size of the Agricultural Feed Wholesaling industry in Canada has been growing at a CAGR of 5.0 % between 2018 and 2023.
What is the forecast growth of the Agricultural Feed Wholesaling industry in Canada over the next 5 years?
Over the next five years, the Agricultural Feed Wholesaling industry in Canada is expected to grow.
What are the biggest companies in the Agricultural Feed Wholesaling market in Canada?
The biggest company operating in the Agricultural Feed Wholesaling market in Canada is Sollio Cooperative Group
What does the Agricultural Feed Wholesaling in Canada include?
Wholesaling animal feed for farm animals including silage, pelleted feeds, oils and mixed rations and Wholesaling pet food for domesticated animals are part of the Agricultural Feed Wholesaling industry.
Which companies have the highest market share in the Agricultural Feed Wholesaling in Canada?
The company holding the most market share in Canada is Sollio Cooperative Group.
How competitive is the Agricultural Feed Wholesaling industry in Canada?
The level of competition is moderate and increasing in the Agricultural Feed Wholesaling industry in Canada.
