With the upsurge in population, the demand for FMCG products also increased. The upsurge in online FMCG sales forecasting around $5.6 Billion growth by the end of 2021 showing the growth of the FMCG industry in Canada. Individuals regularly come across FMCG product brands, making them quite popular in the competitive market.
Some of the attractive and valuable FMCG stocks in Canada to explore in 2023 are presented below.
George Weston (WN)
George Weston is Canada’s largest supermarket retailer, established in 1882, offering services in Canada and the US. The company employs around 221K workforce adding to the firm maintaining top position in the marketplace. WN stock price currently is 148.39 CAD, a hike of 0.16% with a market cap of 20.357 Billion CAD. The annual revenue of George Weston is 57.048 Billion with a market cap of 1.822 Billion CAD.
Premium Brands (PBH)
Premium Brands is one of the leading food manufacturers and distributors established in 1917 employing around 15,000 staff. PBH stock price is 102.70 CAD, an upsurge of 0.06% with a market cap of 4.583 CAD. The annual revenue of Premium Brands at present is 6.03 Billion CAD with a net income of 160.1 Million CAD. The stock is a strong buy as per the aggregate view of professional ratings.
Saputo Group Inc. (SAP)
Another fastest-growing FMCG stock in the list is Saputo Group Inc. operating in around 60 countries worldwide. Introduced in 1954, the Saputo Group Inc. engages in the marketing, production, and distribution of dairy products. SAP stock price at present is 28.43 CAD, an upsurge of 0.96% with a market cap of 12.016 Billion CAD. The annual revenue of the firm is 17.843 Billion CAD and is expected to hike soon. The stock is a strong buy as per professional ratings.
Kraft Heinz Canada ULC (KHC)
Another popular name emerging in the list is Kraft Heinz Canada ULC, founded in 1876. The company is a leading manufacturer of snacks and food items. The company generates an annual revenue of $10 Billion and employs around 8,500 people across the nation. Ketchup and Oreos are some of the most common products of Kraft Heinz Canada ULC. The stock is expected to develop a strong position in the Canadian FMCG market.
Unilever Canada Inc (UL)
Unilever Canada Inc. is another top player in the list and is considered among the fastest-growing FMCG companies in Canada. The company was introduced in 1890, generating an annual revenue of approximately 16.135 Billion CAD. beverages, home, food, and personal care are some major products offered by Unilever Canada Inc. The focus of the brand towards sustainability is another factor that is booming in popularity.
Conclusion
The FMCG market in Canada is growing rapidly, fulfilling the instant demand for consumers for food, packaging, and personal care. Unilever Canada Inc., George Weston, Premium Brands, Kraft Heinz Canada ULC, and Saputo Group Inc. are some common stocks to discover.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2023/08/28/5-best-fastest-growing-canadian-fmcg-stocks-to-uncover-in-2023/