View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
November 21, 2016

Canada’s Gay Lea Foods to invest in dairy ingredients “hub”

Canadian dairy cooperative Gay Lea Foods is to set up a dairy ingredients "hub" in the country.

Canadian dairy cooperative Gay Lea Foods is to set up a dairy ingredients “hub” in the country.

Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

Gay Lea is investing CAD140m (US$104m) over four years to establish an “innovative, nutrition and nutraceutical-grade dairy ingredients hub” in Ontario.

The first phase of the project, which is backed by the Dairy Farmers of Ontario, will start early next year with a CAD60m expansion plan in the village of Teeswater in Bruce County, Ontario.

The first phase includes a CAD3m investment to build a research and development centre of excellence in Hamilton, Ontario. “This working laboratory and innovation incubator will be the nexus between R&D and commercialisation throughout Gay Lea Foods’ operations and also service our partners in the dairy, food and health sectors,” the company said.

Upgrades and expansion at the cooperative’s Toronto-area food manufacturing facilities will also take place as part of the first phase “to increase our capabilities and competitiveness, improving cost efficiencies, while working to reduce our environmental footprint”, Gay Lea said.

Michael Barrett, Gay Lea’s president and CEO, added: “Gay Lea Foods is motivated to shape the Canadian dairy industry of tomorrow while nourishing our farmer-owned cooperative today. Our cooperative is proving that successful and continuous growth as a wholly-owned and operating Canadian dairy and food processor is possible.”

Last month, Gay Lea Foods said it had entered into an agreement with Butterball Farms to acquire Stirling Creamery, a manufacturer of “artisanal crafted” natural and flavoured butter

Related Companies

Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Food