Beverage manufacturing: 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.

Consumers cutting back on alcohol amid economic stress
In 2023, total beverage sales increased 2.9%, but performances across beverage types were mixed. Distilleries had a better year, while breweries and wineries – especially wineries – had a tough year.

For 2024, FCC Economics forecasts decline in sales (-6.0%) and volumes (-3.3%). This would be the third consecutive year of declining volume for the sector. Alcoholic beverage sales and volumes (all types) are forecast to decrease in 2024, while soft drink and ice manufacturing sales should increase.

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