Canada Horticulture Market Size, Share, and COVID-19 Impact Analysis, By Cultivation Type (Food Plant and Ornament Plant), By Propagation (Seed, Vegetative, layering & Cutting, Grafting, and Breeding), and Canada Horticulture Market Insights, Industry Trend, Forecasts to 2033

Industry: Agriculture

RELEASE DATE May 2024
REPORT ID SI4340
PAGES 200
REPORT FORMAT PathSoft

Canada Horticulture Market Insights Forecasts to 2033

  • The Canada Horticulture Market Size was valued at USD 1.65 Billion in 2023.
  • The Market Size is Growing at a CAGR of 9.92% from 2023 to 2033.
  • The Canada Horticulture Market Size is expected to reach USD 4.25 Billion by 2033.

Canada Horticulture Market

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The Canada Horticulture Market is anticipated to exceed USD 4.25 illion by 2033, growing at a CAGR of 9.92% from 2023 to 2033. The growing demand for fresh and healthy products, awareness about sustainable farming practices, rising urbanization, popularity of indoor gardening, and government initiatives for the development of the horticulture industry are driving the growth of the horticulture market in Canada.     

 

Market Overview

Horticulture is the science and art of the development, sustainable production, marketing, and use of high-value, intensively cultivated food and ornamental plants. It contributes to the quality of life, and the beauty, sustainability, and rehabilitation of the environment and the human condition. Horticulture production is rapidly gaining popularity in Canada due to its sustainable and environmentally friendly farming practices, high profitability for small farmers, and production of highly nutritious food for consumers. Over 120 different fruit and vegetable crops are commercially grown in Canada being world leaders in cranberry and blueberry production. The importance of horticulture lies in the fact that it has been instrumental in advancing women's empowerment through job opportunities in activities like growing mushrooms, cultivating flowers, and producing vegetable seeds, among other things. Smart greenhouses, robotics, generative AI, inventory management systems, telematics, and smart systems, are some technological efficiencies making waves in the horticulture landscapes.  

 

Report Coverage

This research report categorizes the market for the Canada horticulture market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Horticulture market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Canada horticulture market.

 

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Driving Factors

The increasing consumer awareness regarding the health and environmental concerns changing consumer preference towards horticulture to improve their quality of life, rising urban farming, community-supported agriculture (CSA), and farmers' markets. Thus, changing consumer preferences and urbanization lead to drive the market demand. The rising investment by Canadians in beautifying their homes and outdoor spaces surge in indoor gardening and vertical farming with the leveraging of advanced technologies like hydroponics and aquaponics are likely to enhance the market. Sustainable farming and eco-friendly practices with a growing emphasis on water conservation, efficient irrigation techniques, and integrated pest management are driving the horticulture market.

 

Restraining Factors

The rising climate variability and trade restrictions are limiting the market growth. Further, the extreme temperatures, frost, and unpredictable precipitation patterns impact crop yields and production schedules, making it difficult to maintain consistent supply. Further, the trade restrictions imposed by international markets pose barriers to the export of Canadian horticultural products. These factors are responsible for restraining the market growth.

 

Market Segmentation

The Canada Horticulture Market share is classified into cultivation type and propagation.

  • The food plant segment holds the largest revenue share of the Canada horticulture market during the forecast period.   

The Canada horticulture market is segmented by cultivation type into food plant and ornament plant. Among these, the food plant segment holds the largest revenue share of the Canada horticulture market during the forecast period. The use of horticulture specifically for growing fruits and vegetables provides critical nutrients and a balanced diet. The high contribution of the food plant segment in Canada’s agricultural sectors leads to drive the market growth in the food plant segment.

 

  • The seed segment dominated the market with the largest revenue share through the forecast period.

Based on the propagation, the Canada horticulture market is divided into seed, vegetative, layering & cutting, grafting, and breeding. Among these, the seed segment dominated the market with the largest revenue share through the forecast period. The seed quality affects agricultural production with high-yielding varieties. The diverse agricultural practices and consumer demand for different plant species contribute to the market growth.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Canada horticulture market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Sunrite Greenhouses Ltd
  • Mastronardi Produce Ltd
  • Village Farms International Inc.
  • Windset Farms
  • Mucci Farms
  • NatureFresh Farms
  • Quebec Hothouse
  • Greenhouse Vegetable Growers (GVG)
  • BC Hot House Foods Inc.
  • Red Sun Farms 
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Market Segment

This study forecasts revenue at Canada, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Canada horticulture market based on the below-mentioned segments:

Canada Horticulture Market, By Type

  • Food Plant
  • Ornament Plant

 

Canada Horticulture Market, By Propagation

  • Seed
  • Vegetative
  • Layering & Cutting
  • Grafting
  • Breeding

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