2022 FCC Beverage Report: Demand shifting from retail to service

The annual FCC Beverage Report highlights opportunities and risks for Canadian beverage manufacturers. It includes an annual sales forecast for 2022, product sales performance, and a gross margin rate index.

Industries featured in the report are:

Breweries
Wineries
Distilleries
Soft drinks and other non-alcoholic beverages
Dairy and fruit/vegetable-based beverages are covered in our food report under the dairy and fruit and vegetable manufacturing industry sections.

The COVID pandemic shifted consumer purchases from food service to retail, limiting a revenue stream with usually strong margins for most beverage manufacturers. In 2021, consumers started to shift their purchases back to the service industry; however, lingering restrictions and higher production costs reduced profitability... Read More