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2022 FCC Beverage Report: Demand shifting from retail to service

Reference: FCC

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:

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