The private label food and beverages market boasts distinctive features, versatile applications, and significant benefits. Key features of private-label food and beverages market include customization options, where retailers tailor products to meet consumer preferences and dietary trends. These products find applications across various categories, from staple foods to gourmet specialties, and even organic and health-focused items. The benefits encompass cost savings for consumers, quality assurance maintained by retailers, and a wide product range. Additionally, private labels foster retailer loyalty, enhancing brand equity. They also offer economic advantages, especially during recessions, making them a pivotal segment in the food and beverage industry.
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Data Bridge Market Research analyses that the Canada Private Label Food and Beverages Market which was USD 29,602.01 million in 2021 and is growing with a CAGR of 5.0% in the forecast period of 2022 to 2029 and is expected to reach USD 43,735.65 million by 2029. Customization of private label products allows retailers to adapt to evolving consumer dietary preferences and market trends swiftly. This flexibility enables them to introduce new, on-trend products that cater to health-conscious or niche markets, staying competitive and meeting the demands of an ever-changing consumer landscape effectively.
Key Findings of the Study
Retailer loyalty is expected to drive the market's growth rate
Private label food and beverages products can cultivate strong customer loyalty by offering consumers unique and value-driven options that are exclusively available through a particular retailer. Shoppers who have positive experiences with these products tend to return to the retailer for their consistent quality and competitive pricing. This loyalty results in repeat purchases and an ongoing relationship between the customer and the retailer, ultimately benefiting the retailer's bottom line and market presence.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Million, Pricing in USD, Volumes in Units
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Segments Covered
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Category (Inorganic and Organic), Product (Private Label Food and Private Label Beverages), Distribution Channel (Store-based retailing and Non-Store Based Retailing)
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Countries Covered
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Canada
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Market Players Covered
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Loblaws Inc. (Canada), Sobey Inc. (Canada), Metro Richelieu Inc. (Canada), Walmart (U.S.), Costco Wholesale Corporation (U.S.), Amazon.com, Inc. (U.S.)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The Canada private label food and beverages market is segmented into category, product, and distribution channel.
- On the basis of category, Canada private label food and beverages market is segmented into organic and inorganic.
- On the basis of product, Canada private label food and beverages market is segmented into private label food and private label beverage
- On the basis of distribution channel, Canada private label food and beverages market is segmented into store based retailing and non-store based retailing.
Major Players
Data Bridge Market Research recognizes the following companies as the major Canada private label food and beverages market players in Canada private label food and beverages market are Loblaws Inc. (Canada), Sobey Inc. (Canada), Metro Richelieu Inc. (Canada), Walmart (U.S.), Costco Wholesale Corporation (U.S.).
Market Developments
- In September 2019, Kroger introduced a plant-based extension of its Simple Truth private brand, featuring a range of items from meatless burgers to plant-based cookie dough. This strategic product expansion allowed Kroger to further strengthen its private label presence in the growing and popular plant-based food categories, catering to the increasing demand for meat alternatives and plant-based products among consumers.
- In April 2021, Amazon.com, Inc. unveiled a new private label for food items named 'Aplenty.' This launch marked a significant expansion of Amazon's private label food product range, broadening its offerings within the food segment. 'Aplenty' aimed to provide consumers with a diverse selection of high-quality and competitively priced food products.
- In June 2021, Dutch multinational health and nutrition company DSM expanded its yogurt culture portfolio with DelvoFresh YS-042. This addition enables manufacturers to create yogurt products that align with clean label demands, offering consumers transparency and quality without sacrificing product excellence.
For more detailed information about the Canada private label food and beverages market, click here – https://www.databridgemarketresearch.com/reports/canada-private-label-food-and-beverages-market
