The coronavirus (SARS-CoV-2) outbreak, dubbed COVID-19, is first and foremost a human tragedy, affecting millions of people globally. The contagious coronavirus, which broke out at the close of 2019, has led to a medical emergency across the world, with the World Health Organization officially declaring the novel coronavirus a pandemic on March 11, 2020. Read More

BoP: BPM6: Financial Acct: Net Flows: Lia: Foreign Direct Investment in Canada data was reported at 27,989.000 CAD mn in Dec 2024. This records an increase from the previous number of 27,603.000 CAD mn for Sep 2024. BoP: BPM6: Financial Acct: Net Flows: Lia: Foreign Direct Investment in Canada data is updated quarterly, averaging 6,928.500 CAD mn from Mar 1981 (Median) to Dec 2024, with 176 observations. The data reached an all-time high of 50,326.000 CAD mn in Dec 2000 and a record low of -11,098.000 CAD mn in Mar 2024. BoP: BPM6: Financial Acct: Net Flows: Lia: Foreign Direct Investment in Canada data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.JB001: BPM6: Balance of Payments. [COVID-19-IMPACT]

According to the forecast, the Canadian commercial real estate investment market is recovering from the coronavirus (COVID-19) crisis. In 2023, investment volumes reached **** billion Canadian dollars, an increase of over ** bllion dollars as compared to 2020.

Canada BOS: Machinery & Equipment Investment: Lower data was reported at 28.000 % in Mar 2025. This records an increase from the previous number of 16.000 % for Dec 2024. Canada BOS: Machinery & Equipment Investment: Lower data is updated quarterly, averaging 23.000 % from Sep 1998 (Median) to Mar 2025, with 107 observations. The data reached an all-time high of 55.000 % in Jun 2020 and a record low of 10.000 % in Sep 2010. Canada BOS: Machinery & Equipment Investment: Lower data remains active status in CEIC and is reported by Bank of Canada. The data is categorized under Global Database’s Canada – Table CA.S003: Business Outlook Survey. Business Outlook Survey Questionnaire: Investment in Machinery and Equipment - Over the next 12 months, your firm’s investment spending on M&E (compared with the past 12 months) is expected to be… [COVID-19-IMPACT]

Canada Official International Reserves: NC: NL: Return on Investments data was reported at 123.000 USD mn in Apr 2020. This records a decrease from the previous number of 794.000 USD mn for Mar 2020. Canada Official International Reserves: NC: NL: Return on Investments data is updated monthly, averaging 81.000 USD mn from Dec 2007 (Median) to Apr 2020, with 149 observations. The data reached an all-time high of 1.095 USD bn in Aug 2019 and a record low of -655.000 USD mn in Nov 2016. Canada Official International Reserves: NC: NL: Return on Investments data remains active status in CEIC and is reported by Department of Finance Canada. The data is categorized under Global Database’s Canada – Table CA.KA002: Official International Reserves. [COVID-19-IMPACT]

The Real Estate Investment Trusts industry in Canada has declined in recent years, as solid operational efficiency and a low interest rate environment, which had laid the foundation for growth, have been undermined by the COVID-19 pandemic and interest rate hikes. Prior to 2020, the industry benefited from a low level of revenue volatility backed by a steady stream of income from rentals amid stable economic growth. Long-term rent contracts in commercial segments and the rise of rental rates in the residential product segment enabled the industry to maintain stable growth rates. Overall, industry revenue is expected to have declined at a CAGR of 5.6% to reach an estimated $8.2 billion in 2023, when revenue is expected to decline 8.1%. Continued decline in 2023 can be attributed to rising interest rates, which have inhabited operators from making investments and have dampened demand for property sold by REITs.Industry revenue generally grows in line with the economy and benefits from steady streams of income generated from rent. The overall health of the economy had been sound prior to 2020, which benefited the industry through higher levels of investment to satisfy increasing demand for properties by businesses. A booming housing market in major metropolitan hubs, many of which have experienced elevated rental prices, has underpinned revenue growth in the residential segment. More recent interest rate hikes have raised the cost of capital for industry operators, driving down industry profit.Moving forward, the industry is expected to return to growth, with industry revenue forecast to grow at a CAGR of 2.3% to reach an expected $9.2 billion in 2028. Declining interest rates and an aging population are set to drive growth. Falling interest rates will likely make other investments less attractive, making REITs more valuable. An aging population is expected to keep demand afloat as they are typically attracted to the steady and generally market-beating returns REITs offer.

Between February and April 2020, the value of H&R REIT's stocks decreased by ***** percent. Their stock price fell from ***** Canadian dollars to **** Canadian dollars in this period. In contrast, the average loss on the Toronto Stock Exchange (TSX) was ***** percent for the same period, as the coronavirus outbreak in the end of 2019 had a significant impact on the real estate investment sector in Canada.

2019: This report provides a comprehensive summary of the main developments in Canada’s commercial activities during the previous year. It describes the events that took place in the global economy and trade in 2018, the main developments in Canada’s economy and those of its most important partner economies and regions. It reports the developments in Canada’s trade in goods and services, as well as flows and stocks of foreign direct investment and Canadian direct investment abroad. 2020: This report gives Canadians a snapshot of our economic activities in 2019 while recognizing the unprecedented global uncertainty of 2020 amid the COVID-19 pandemic. This report highlights how Canadian innovation and resilience has allowed our businesses to continue to compete in the global marketplace and our government’s commitment to supporting trade through turbulent times. 2021: This report captures the story of the incredible sacrifices made and resilience demonstrated by Canadians and businesses through an unparalleled chapter in our country's history, and charts a path forward as we step into our recovery from the COVID-19 pandemic. 2022 : This report highlights Canada's robust trade and investment recovery, which has displayed remarkable resilience during another challenging year. This year's report focuses on free trade agreements, which will continue to be vital tools for Canadian businesses as they enter this new phase of the post-pandemic recovery.

This is the backgrounder for the mental health and distress centres. Supporting the mental health and well-being of Canadians, particularly during the COVID-19 pandemic, is a priority for the Government of Canada. A $50 million investment to increase the capacity of distress centres across the country, announced in the 2020 Fall Economic Statement, will help connect Canadians to the appropriate supports and resources. This funding will provide distress centres across Canada with the support they need to meet increased demand for crisis services.

The coronavirus (COVID-19) pandemic had a severe impact on hotel investment activity. The number of hotels purchased in Canada was *** in 2022, down from *** transactions in the previous year, but double the transaction volume in 2020. 2016 was the strongest year in the past decade and a half with *** transactions. In 2022, hotel transactions in Canada amounted to approximately *** billion Canadian dollars.

Canada Official International Reserves: NC: Net Investment Gains & Losses (NL) data was reported at 53.000 USD mn in Apr 2020. This records a decrease from the previous number of 422.000 USD mn for Mar 2020. Canada Official International Reserves: NC: Net Investment Gains & Losses (NL) data is updated monthly, averaging -13.000 USD mn from Dec 2007 (Median) to Apr 2020, with 149 observations. The data reached an all-time high of 2.180 USD bn in Dec 2008 and a record low of -2.002 USD bn in Nov 2010. Canada Official International Reserves: NC: Net Investment Gains & Losses (NL) data remains active status in CEIC and is reported by Department of Finance Canada. The data is categorized under Global Database’s Canada – Table CA.KA002: Official International Reserves. [COVID-19-IMPACT]

The coronavirus (COVID-19) pandemic had a severe impact on hotel investments. The value of hotel purchases in Canada amounted to *** million Canadian dollars in 2020, down from **** billion Canadian dollars in the previous year. In 2022, investment activity picked up and there were 158 hotel transactions in Canada, double volume in 2020.

The projects in the Municipal Building Construction industry in Canada are often funded through a combination of public and private sources. However, given the nature of most industry projects, the level of public investment by federal, provincial and local governments is the primary driver of industry performance. As government spending in response to the COVID-19 pandemic has reached its tail end, growth has slowed in 2025. Overall, industry-wide revenue has been increasing at an expected CAGR of 8.6% over the past five years, including an estimated 1.6% increase in 2025, when revenue is expected to total $15.9 billion. By the same year, profit is projected to have seen an overall increase relative to 2020 lows. Government expenditure through the Investing in Canada plan benefited the industry; this plan was announced in 2016 and provides $180.0 billion in funding over 12 years for various infrastructure and other construction projects. In response to the pandemic, a "COVID-19 Resilience stream" of funding was added to the plan. This, along with other relief funding, contributed to the industry's strong growth in 2021 from 2020 lows as contractors got back to work and had access to new funding. The price of key inputs, like cement and steel, increased significantly in response to supply chain disruptions following the pandemic, placing pressure on profit and diving up revenue as costs have been passed along to clients. The industry will benefit from government expenditure and investment growth, partly because of the Investing in Canada plan. As fast-growing provinces like British Columbia further develop, they will invest in new municipal buildings to handle this growth. Rising trade tensions with the US threaten to drive up the cost of construction materials. Overall, industry revenue is expected to increase at a CAGR of 1.7% to reach $17.3 billion in 2030.

Snapshot img { margin: 10px !important; } The renewable energy market share in Canada is expected to increase by 18.51 gigawatts from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 3.37%.

This renewable energy market in Canada research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers renewable energy market segmentation in Canada by end-user (industrial and residential) and type (hydropower, wind, and others). The renewable energy market in Canada report also offers information on several market vendors, including AAA Canada Inc., Bird Construction Inc., Canadian Solar Inc., HELIENE Inc., Innovative Composite Products Inc., Manitoba Hydro, Smart Wires Inc., The Smart Energy Co., VCT Group Inc., and Vestas Wind Systems AS among others.

What will the Renewable Energy Market Size in Canada be During the Forecast Period?

Download the Free Report Sample to Unlock the Renewable Energy Market Size in Canada for the Forecast Period and Other Important Statistics

Renewable Energy Market in Canada: Key Drivers, Trends, and Challenges

The supportive government policies is notably driving the renewable energy market growth in Canada, although factors such as competition from fossil fuels may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the renewable energy industry in Canada. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Renewable Energy Market Driver in Canada

The supportive government policies is one of the key drivers supporting the renewable energy market growth in Canada. Governments across the world support the adoption of solar PV systems by providing incentives, subsidies, and tax benefits to producers and consumers. For instance, in Canada, the investment tax credit (ITC) is an important federal policy developed to support the adoption of solar PV energy in the country. According to the new legislation passed in December 2020, ITC provides a 26% tax credit for solar PV systems installed during 2020-2022 and 22% for systems to be installed in 2023. Meanwhile, many countries are formulating policies to promote the development and adoption of solar power technologies. One notable example is the FiT policy of Canada formulated to encourage investments in renewable energy technologies. Such initiatives from the government will drive market growth during the forecast period.

Key Renewable Energy Market Trend in Canada

The emergence of zero-energy buildings is another factor supporting the renewable energy market growth in Canada. In the country, nearly half of the energy produced is supplied to commercial and residential buildings. The residential sector is one of the major consumers of electricity. However, the concept of ZEBs is an energy-efficient technology in which the building obtains produces its energy using renewables. The energy produced is equal to the amount consumed on an annual basis. They significantly reduce the energy used by slashing the demand and supplying the energy needs from renewable energy sources such as solar panels. The concept is already being implemented in some countries with the help of government regulations and mandates. Thus, the increased adoption of ZEBs will proliferate the use of solar PV systems, which is expected to drive the growth of the market during the forecast period.

Key Renewable Energy Market Challenge in Canada

The competition from fossil fuels is one of the factors hindering the renewable energy market growth in Canada. The cost of establishing a renewable energy facility to produce power is expensive, and the power output from renewable sources is not as much as that from fossil fuels due to the intermittent nature of renewables. For instance, Solar PV installations require a high initial investment even though the material cost has been significantly reduced. The requirement of a vast area for panels to generate a large amount of electricity is the major reason for the increased investment rates. The current decline in the cost of natural gas favors its increased use in power generation, which poses a challenge for energy generation using renewable energy. These factors limit the market growth during the forecast period.

This renewable energy market in Canada analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develo

Footnotes:1Gender refers to an individual's personal and social identity as a man, woman or non-binary person (a person who is not exclusively a man or a woman). Gender includes the following concepts: gender identity, which refers to the gender that a person feels internally and individually; gender expression, which refers to the way a person presents their gender, regardless of their gender identity, through body language, aesthetic choices or accessories (e.g., clothes, hairstyle and makeup), which may have traditionally been associated with a specific gender. A person's gender may differ from their sex at birth, and from what is indicated on their current identification or legal documents such as their birth certificate, passport or driver's licence. A person's gender may change over time. Some people may not identify with a specific gender.2Given that the non-binary population is small, data aggregation to a two-category gender variable is sometimes necessary to protect the confidentiality of responses provided. In these cases, individuals in the category “non-binary persons” are distributed into the other two gender categories and are denoted by the “+” symbol.3Age' refers to the age of a person (or subject) of interest at last birthday (or relative to a specified, well-defined reference date).4The median income of a specified group is the amount that divides the income distribution of that group into two halves, i.e., the incomes of half of the units in that group are below the median, while those of the other half are above the median. Median incomes of individuals are calculated for those with income (positive or negative).5Average income of a specified group is calculated by dividing the aggregate income of that group by the number of units in that group. Average incomes are calculated for those with income (positive or negative).6Total income refers to the sum of certain incomes (in cash and, in some circumstances, in kind) of the statistical unit during a specified reference period. The components used to calculate total income vary between: – Statistical units of social statistical programs such as persons, private households, census families and economic families; – Statistical units of business statistical programs such as enterprises, companies, establishments and locations; and – Statistical units of farm statistical programs such as farm operator and farm family. In the context of persons, total income refers to receipts from certain sources, before income taxes and deductions, during a specified reference period. In the context of census families, total income refers to receipts from certain sources of all of its family members, before income taxes and deductions, during a specified reference period. In the context of economic families, total income refers to receipts from certain sources of all of its family members, before income taxes and deductions, during a specified reference period. In the context of households, total income refers to receipts from certain sources of all household members, before income taxes and deductions, during a specified reference period. The monetary receipts included are those that tend to be of a regular and recurring nature. Receipts that are included as income are: * employment income from wages, salaries, tips, commissions and net income from self-employment (for both unincorporated farm and non-farm activities); * income from investment sources, such as dividends and interest on bonds, accounts, guaranteed investment certificates (GICs) and mutual funds; * income from employer and personal pension sources, such as private pensions and payments from annuities and registered retirement income funds (RRIFs); * other regular cash income, such as child support payments received, spousal support payments (alimony) received and scholarships; * income from government sources, such as social assistance, child benefits, Employment Insurance benefits, Old Age Security benefits, COVID-19 benefits and Canada Pension Plan and Québec Pension Plan benefits and disability income. Receipts excluded from this income definition are: * one-time receipts, such as lottery winnings, gambling winnings, cash inheritances, lump-sum insurance settlements and tax-free savings account (TFSA) or registered retirement savings plan (RRSP) withdrawals; * capital gains because they are not by their nature regular and recurring. It is further assumed that they are more relevant to the concept of wealth than the concept of income; * employers' contributions to registered pension plans, Canada Pension Plan, Québec Pension Plan and Employment Insurance; * voluntary inter-household transfers, imputed rent, goods and services produced for barter and goods produced for own consumption.7The reference period for this variable is calendar year 2019. The variable is intended for comparison with its 2020 equivalent and other 2019 income variables. Income for 2019 is presented in 2020 constant dollars.8The sum of employment income (wages, salaries and commissions, net self-employment income from farm or non-farm unincorporated business and/or professional practice), investment income, private retirement income (retirement pensions, superannuation and annuities, including those from registered retirement savings plans [RRSPs] and registered retirement income funds [RRIFs]) and other money income from market sources during the reference period. It is equivalent to total income minus government transfers. It is also referred to as income before transfers and taxes.9The reference period for this variable is calendar year 2019. The variable is intended for comparison with its 2020 equivalent and other 2019 income variables. Income for 2019 is presented in 2020 constant dollars.10All income received as wages, salaries and commissions from paid employment and net self-employment income from farm or non-farm unincorporated business and/or professional practice during the reference period.11The reference period for this variable is calendar year 2019. The variable is intended for comparison with its 2020 equivalent and other 2019 income variables. Income for 2019 is presented in 2020 constant dollars.12Gross wages and salaries before deductions for such items as income taxes, pension plan contributions and employment insurance premiums during the reference period. While other employee remuneration such as security options benefits, board and lodging and other taxable allowances and benefits are included in this source, employer's contributions to pension plans and employment insurance plans are excluded. Other receipts included in this source are military pay and allowances, tips, commissions and cash bonuses associated with paid employment, benefits from wage-loss replacement plans or income-maintenance insurance plans, supplementary unemployment benefits from an employer or union, research grants, royalties from a work or invention with no associated expenses and all types of casual earnings during the reference period.13The reference period for this variable is calendar year 2019. The variable is intended for comparison with its 2020 equivalent and other 2019 income variables. Income for 2019 is presented in 2020 constant dollars.14Net income (gross receipts minus cost of operation and capital cost allowance) received during the reference period from self-employment activities, either on own account or in partnership. In the case of partnerships, only the person's share of income is included. Net partnership income of a limited or non-active partner is excluded. It includes farming income, fishing income and income from unincorporated business or professional practice. Commission income for a self-employed commission salesperson and royalties from a work or invention with expenses associated are also included in this source.15The reference period for this variable is calendar year 2019. The variable is intended for comparison with its 2020 equivalent and other 2019 income variables. Income for 2019 is presented in 2020 constant dollars.16All cash benefits received from federal, provincial, territorial or municipal governments during the reference period. It includes: * Old Age Security pension, Guaranteed Income Supplement, Allowance or Allowance for the Survivor; * retirement, disability and survivor benefits from Canada Pension Plan and Québec Pension Plan; * benefits from Employment Insurance and Québec parental insurance plan; * child benefits from federal and provincial programs; * social assistance benefits; * workers' compensation benefits; * Canada workers benefit (CWB); * Goods and services tax credit and harmonized sales tax credit; * other income from government sources. For the 2021 Census, this includes various benefits from new and existing federal, provincial and territorial government income programs intended to provide financial support to individuals affected by the COVID-19 pandemic and the public health measures implemented to minimize the spread of the virus.17The reference period for this variable is calendar year 2019. The variable is intended for comparison with its 2020 equivalent and other 2019 income variables. Income for 2019 is presented in 2020 constant dollars.18Refers to the sum of payments received from COVID-19 - Emergency and recovery benefits and Employment Insurance (EI) benefits.19The reference period for this variable is calendar year 2019. The variable is intended for comparison with its 2020 equivalent and other 2019 income variables. Income for 2019 is presented in 2020 constant dollars. In 2019, earning replacement benefits is equal to Employment Insurance (EI) benefits.20All Employment Insurance (EI) benefits received during the reference period, before income tax deductions. It includes benefits for unemployment, sickness, maternity, paternity, adoption, compassionate care, work sharing, retraining, and benefits to self-employed fishers

Producing a vaccine is complex. It requires significant investments to ensure it can be produced on a large scale with good quality and consistency. Our investments in research will help make sure Canada has faster access to safe and effective vaccines.

Canada BOS: Machinery & Equipment Investment: Higher data was reported at 31.000 % in Mar 2025. This records a decrease from the previous number of 48.000 % for Dec 2024. Canada BOS: Machinery & Equipment Investment: Higher data is updated quarterly, averaging 40.000 % from Sep 1998 (Median) to Mar 2025, with 107 observations. The data reached an all-time high of 62.000 % in Dec 2021 and a record low of 17.000 % in Dec 2008. Canada BOS: Machinery & Equipment Investment: Higher data remains active status in CEIC and is reported by Bank of Canada. The data is categorized under Global Database’s Canada – Table CA.S003: Business Outlook Survey. Business Outlook Survey Questionnaire: Investment in Machinery and Equipment - Over the next 12 months, your firm’s investment spending on M&E (compared with the past 12 months) is expected to be… [COVID-19-IMPACT]

Footnotes:1Gender refers to an individual's personal and social identity as a man, woman or non-binary person (a person who is not exclusively a man or a woman). Gender includes the following concepts: gender identity, which refers to the gender that a person feels internally and individually; gender expression, which refers to the way a person presents their gender, regardless of their gender identity, through body language, aesthetic choices or accessories (e.g., clothes, hairstyle and makeup), which may have traditionally been associated with a specific gender. A person's gender may differ from their sex at birth, and from what is indicated on their current identification or legal documents such as their birth certificate, passport or driver's licence. A person's gender may change over time. Some people may not identify with a specific gender.2Given that the non-binary population is small, data aggregation to a two-category gender variable is sometimes necessary to protect the confidentiality of responses provided. In these cases, individuals in the category “non-binary persons” are distributed into the other two gender categories and are denoted by the “+” symbol.3Age' refers to the age of a person (or subject) of interest at last birthday (or relative to a specified, well-defined reference date).4Total income refers to the sum of certain incomes (in cash and, in some circumstances, in kind) of the statistical unit during a specified reference period. The components used to calculate total income vary between: – Statistical units of social statistical programs such as persons, private households, census families and economic families; – Statistical units of business statistical programs such as enterprises, companies, establishments and locations; and – Statistical units of farm statistical programs such as farm operator and farm family. In the context of persons, total income refers to receipts from certain sources, before income taxes and deductions, during a specified reference period. In the context of census families, total income refers to receipts from certain sources of all of its family members, before income taxes and deductions, during a specified reference period. In the context of economic families, total income refers to receipts from certain sources of all of its family members, before income taxes and deductions, during a specified reference period. In the context of households, total income refers to receipts from certain sources of all household members, before income taxes and deductions, during a specified reference period. The monetary receipts included are those that tend to be of a regular and recurring nature. Receipts that are included as income are: employment income from wages, salaries, tips, commissions and net income from self-employment (for both unincorporated farm and non-farm activities); income from investment sources, such as dividends and interest on bonds, accounts, guaranteed investment certificates (GICs) and mutual funds; income from employer and personal pension sources, such as private pensions and payments from annuities and registered retirement income funds (RRIFs); other regular cash income, such as child support payments received, spousal support payments (alimony) received and scholarships; income from government sources, such as social assistance, child benefits, Employment Insurance benefits, Old Age Security benefits, COVID-19 benefits and Canada Pension Plan and Québec Pension Plan benefits and disability income. Receipts excluded from this income definition are: one-time receipts, such as lottery winnings, gambling winnings, cash inheritances, lump-sum insurance settlements and tax-free savings account (TFSA) or registered retirement savings plan (RRSP) withdrawals; capital gains because they are not by their nature regular and recurring. It is further assumed that they are more relevant to the concept of wealth than the concept of income; employers' contributions to registered pension plans, Canada Pension Plan, Québec Pension Plan and Employment Insurance; voluntary inter-household transfers, imputed rent, goods and services produced for barter and goods produced for own consumption.5All income received as wages, salaries and commissions from paid employment and net self-employment income from farm or non-farm unincorporated business and/or professional practice during the reference period.

According to Cognitive Market Research, The Global Enzyme Modified Cheese market size will be USD 910 million in 2023 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2023 to 2030.

The demand for Enzyme Modified Cheese is rising due to increasing demand for clean labels. 
Demand for Paste remains higher in the Enzyme Modified Cheese market.
The Cheddar held the highest Enzyme Modified Cheese market revenue share in 2023.
North America will continue to lead, whereas the Asia Pacific Enzyme Modified Cheese market will experience the strongest growth until 2030.

Increasing Food Innovation to Provide Viable Market Output

The enzyme modified cheese market is experiencing growth driven by increasing food innovation. As the food industry constantly seeks novel and unique flavor profiles, enzyme-modified cheese offers a versatile solution to enhance the taste and texture of various products.

In October 2021, Agropur, a well-known dairy supplier, unveiled its intentions to build a state-of-the-art cheese factory in Little Chute with an investment of USD 168 million. The state of Wisconsin pledged support for Agropur Dairy Cooperative's expansion in Little Chute by offering up to USD 4.5 million in business tax credits through the Wisconsin Economic Development Corporation.

Its adaptability to diverse food applications, from snacks to ready meals, aligns with the evolving consumer preferences for innovative, convenient, and appealing food options. This demand for food innovation and differentiation positions enzyme-modified cheese as a valuable ingredient, propelling its growth in the market.

Increasing Demand For Clean Label to Propel Market Growth

The increasing demand for clean-label products is driving the Enzyme Modified Cheese Market. Customers are searching for food that contains natural, identifiable components as they become more health concerned. Enzyme-modified cheese, derived from real cheese and often perceived as a more natural flavor enhancer compared to artificial additives, aligns with this trend.

In 2022, the Honourable Marie-Claude Bibeau, Minister of Agriculture and Agri-Food in Canada, revealed that the Government of Canada would provide an investment of up to USD 2,038,092 to support Quality Cheese, located in Vaughan, Ontario, through the Dairy Processing Investment Fund.

Its clean-label appeal positions it as a preferred ingredient for food manufacturers and has contributed to its growth in the market as consumers seek cleaner and more natural food options.

Market Dynamics Of the Enzyme modified Cheese

Regulatory Compliance Concerns Hinder Market Growth

Increasing regulatory compliance is challenging the Enzyme Modified Cheese Market. The food sector is subject to stringent regulations concerning food safety, labeling, and ingredient transparency. Compliance with these evolving regulations is complex and requires constant vigilance and adjustments to product formulations and labeling. Meeting these standards often entails additional costs and administrative efforts, posing challenges for manufacturers. Product recalls and legal problems may arise from noncompliance, thus it is critical for the sector to successfully negotiate this regulatory environment.

Impact of COVID–19 on the Enzyme Modified Cheese Market

The COVID-19 pandemic had mixed effects on the Enzyme Modified Cheese Market. While there was an initial disruption in the supply chain and a decline in demand due to lockdowns and restrictions in the food service sector, the market adapted as consumers increased their demand for packaged and processed foods. Enzyme-modified cheese, with its flavor-enhancing properties, found application in various packaged food products. Additionally, the growing consumer preference for convenience foods during the pandemic further contributed to the market's resilience and growth. Introduction of the Enzyme modified Cheese Market

The Enzyme Modified Cheese Market is experiencing growth due to changing consumer preferences and the food industry's emphasis on innovation. Enzyme-modified cheese offers improved flavor, texture, and functionality, making it a versatile ingredient for various food items. The demand for clean-label, natural ingredients is also driving this market, as enzyme-modified cheese can often be positioned as a more natural option compared to some other flavor enhancer...

Vietnam (FDI) Foreign Direct Investment: Year to Date: Registered Cap: Total: Canada data was reported at 22.021 USD mn in Apr 2020. This records an increase from the previous number of 21.771 USD mn for Mar 2020. Vietnam (FDI) Foreign Direct Investment: Year to Date: Registered Cap: Total: Canada data is updated monthly, averaging 42.778 USD mn from Nov 2013 (Median) to Apr 2020, with 74 observations. The data reached an all-time high of 293.868 USD mn in Dec 2014 and a record low of 0.180 USD mn in Apr 2015. Vietnam (FDI) Foreign Direct Investment: Year to Date: Registered Cap: Total: Canada data remains active status in CEIC and is reported by Foreign Investment Agency. The data is categorized under Global Database’s Vietnam – Table VN.O014: Foreign Direct Investment: Inflow: ytd: By Country or Region. [COVID-19-IMPACT]