Bakery and tortilla products: 2024 FCC Food and Beverage Report

The following information is from the 2024 FCC Food and Beverage Report, which highlights the opportunities and challenges for Canadian food manufacturers by sector. To get the big picture read the full report.

Sales will trend up, but profitability remains pressured

Over the last two years, bakery and tortilla products have seen double-digit growth rates yearly, with most sales growth resulting from inflation. Volume growth is estimated to have been -1.0% and 0.0%, respectively, in the last two years.

FCC forecasts nominal sales to decline -3.4% in 2024, but volumes should see growth of 4.3% (Figure 1).

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