Industry Statistics and Trends
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 0.7 % over the past five years, to reach an estimated $62.2bn in 2024.
Trends and Insights
Busy lifestyles and convenience drive frozen meal industry growth in Canada
- Over the past five years, Canada has witnessed a notable surge in demand for ready-to-eat frozen meals. This trend appears to be fueled by increasingly busy lifestyles and a rising need for convenient meal options. According to a 2023 study by Statista, the consumption of frozen ready meals has increased by 15% since 2018.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2025-2030)
Market size is projected to grow over the next five years.
Trends and Insights
Growing demand for plant-based options will boost Canada's frozen food market
- In the coming five years, demand for plant-based frozen foods in Canada is anticipated to grow substantially. This trend is primarily driven by rising consumer interest in vegetarian and vegan diets and increasing concerns about environmental sustainability and animal welfare. A report by Food in Canada projects the plant-based food market to grow at a CAGR of 10.95% through 2028.
Biggest companies in the Frozen Food Wholesaling in Canada
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Sysco | 2,715.9 | 112.7 | 4.1 | |
I-D Foods | 54.4 | 4.7 | 8.6 | |
Just Quality International | 13.6 | 1.2 | 8.8 |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Frozen and canned meat and poultry, Frozen and canned seafood and Frozen baked goods. Frozen and canned meat and poultry is the largest segment of the Frozen Food Wholesaling in Canada.
Trends and Insights
Rising demand for healthier, affordable, and convenient meat products among consumers
- As consumer focus shifts towards healthier living, there's rising interest in leaner and organic options in the meat and poultry sector. This shift necessitates wholesalers to adjust their offerings, opting for healthier frozen and canned meat products to meet growing consumer demands.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
The Frozen Food Wholesaling industry in Canada sells an array of frozen and other grocery products. Wholesaling in this industry involves the resale of food products to downstream sectors, including restaurants, food service outlets, grocery stores and other retailers and wholesalers.
What's included in this industry?
Wholesaling frozen meats, poultry and fishWholesaling dry and canned goodsWholesaling fresh and frozen baked goodsWholesaling frozen fruits and vegetablesCompanies
SyscoI-D FoodsJust Quality InternationalPurchase this report to view all 3 major companies in this industry.
Related Terms
WHOLESALE BYPASSPRIVATE LABELRADIO-FREQUENCY IDENTIFICATION (RFID)ELECTRONIC DATA INTERCHANGE (EDI)Industry Code
NAICS 413190 - Frozen Food 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
The industry's broad spectrum of products and customers is a buffer from large fluctuations in input prices. Since the industry offers a wide range of products, any potential...
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 (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- 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
Rising health consciousness is driving consumers to notice ingredient lists and nutrition facts. The high sodium, fat and sugar contents of frozen meals can turn some consume...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
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
As with most wholesaling industries, the industry locations are highly correlated to greater population and business location patterns in Canada. So industry establishments l...
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 2024
Tables
- Number and share of establishments in each province in 2024
- Number and share of revenue each province accounts for in 2024
- Number and share of wages each province accounts for in 2024
- Number and share of employees in each province in 2024
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
Frozen food wholesalers set themselves apart through innovative products. Wholesalers are meeting shifting consumer preferences by offering more plant-based foods.
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 2019-2024
- 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
The industry is highly fragmented, with no company account for more than 5.0% of the market share. Most companies operate on a regional basis and cater to their local market.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Sysco's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of I-D Foods's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Just Quality International's performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for Sysco, and factors influencing its performance in the industry
- Description and key data for I-D Foods, and factors influencing its performance in the industry
- Description and key data for Just Quality International, 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
There is no explicit government policy or regulation aimed at wholesalers. But all wholesalers must comply with the federal and provincial laws applicable to all Canadian bus...
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 (2014-2029)
- Assistance historical data and forecast (2014-2029)
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
Costs might shift for larger companies. However, most operators in the Frozen Food Wholesaling industry in Canada are small businesses that operate regionally.
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 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Assets (2017-2022)
- Liabilities (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
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 (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Frozen Food Wholesaling industry in Canada in 2025?
The market size of the Frozen Food Wholesaling industry in Canada is $62.2bn in 2025.
How many businesses are there in the Frozen Food Wholesaling in Canada industry in 2024?
There are 4,128 businesses in the Frozen Food Wholesaling industry in Canada, which has declined at a CAGR of 0.9 % between 2019 and 2024.
Has the Frozen Food Wholesaling industry in Canada grown or declined over the past 5 years?
The market size of the Frozen Food Wholesaling industry in Canada has been growing at a CAGR of 0.7 % between 2019 and 2024.
What is the forecast growth of the Frozen Food Wholesaling industry in Canada over the next 5 years?
Over the next five years, the Frozen Food Wholesaling industry in Canada is expected to grow.
What are the biggest companies in the Frozen Food Wholesaling market in Canada?
The biggest companies operating in the Frozen Food Wholesaling market in Canada are Sysco, I-D Foods and Just Quality International
What does the Frozen Food Wholesaling in Canada include?
Wholesaling frozen meats, poultry and fish and Wholesaling dry and canned goods are part of the Frozen Food Wholesaling industry.
Which companies have the highest market share in the Frozen Food Wholesaling in Canada?
The company holding the most market share in Canada is Sysco.
How competitive is the Frozen Food Wholesaling industry in Canada?
The level of competition is high and steady in the Frozen Food Wholesaling industry in Canada.
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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.
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