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Below is a list of the Top 15 Canadian Food Companies for 2025, ranked by market capitalization. The list includes each company’s market cap and 2024 revenue in both USD and CAD, along with a brief overview of their background, key products, and recent developments. While many of these companies focus on traditional items like dairy and meat, others are embracing plant-based innovations, wellness products, and more, reflecting the evolving nature of the Canadian food industry in 2025.

15. Goodfood Market Corp. (TSX: FOOD)

• Market Cap (2025): ~$23 million USD (≈32 million CAD)
• Revenue (2024): ~$112 million USD (≈152.8 million CAD)

Goodfood Market, based in Montreal, is a meal kit and e-grocery platform offering fresh ingredients, ready-to-eat meals, and pantry staples. Customers get weekly boxes that make home cooking easier, with an expanding selection of ready-to-eat meals. In 2024, the company saw a revenue of about C$153 million and focused on improving its logistics for better profitability. This blend of in-house food production and an online retail presence makes Goodfood a strong player in Canada’s direct-to-consumer meal market.

14. Village Farms International, Inc. (TSX: VFF)

• Market Cap (2025): ~$85 million USD (≈110 million CAD)
• Revenue (2024): ~$328 million USD (≈440 million CAD)

Originally focused on greenhouse-grown produce like tomatoes and cucumbers, Village Farms has expanded into the cannabis industry. Despite the fluctuations in the cannabis market, fresh produce remains a core part of the business. The company’s advanced greenhouse systems allow it to grow year-round, supplying fresh vegetables across North America. Its balance of produce and cannabis, through the Pure Sunfarms brand, highlights its adaptability in Canada’s changing agricultural landscape.

13. Andrew Peller Ltd. (TSX: ADW.A)

• Market Cap (2025): ~$150 million USD (≈223 million CAD)
• Revenue (2024): ~$290 million USD (≈385.9 million CAD)

Andrew Peller is one of Canada’s leading wine producers with estates in British Columbia, Ontario, and Nova Scotia. It owns several brands like Peller Estates, Trius, Wayne Gretzky Estates, and Sandhill, offering everything from everyday wines to premium ice wines and spirits. After recovering from the pandemic, the company returned to profit in 2024 by streamlining operations. Peller continues to make waves in the Canadian wine and spirits market, even branching into whisky with its Wayne Gretzky-branded spirits.

12. Corby Spirit and Wine Ltd. (TSX: CSW.A)

• Market Cap (2025): ~$250 million USD (≈373 million CAD)
• Revenue (2024): ~$170 million USD (≈229.7 million CAD)

Corby Spirit and Wine has a long history of producing Canadian spirits and wines. Known for brands like J.P. Wiser’s whisky and Lamb’s rum, it also distributes global brands such as Absolut and Chivas Regal in Canada. In 2024, Corby expanded into ready-to-drink cocktails and grew its portfolio with new distribution agreements. This mix of classic spirits and innovative new products ensures Corby’s place in Canada’s liquor industry.

11. High Liner Foods Inc. (TSX: HLF)

• Market Cap (2025): ~$330 million USD (≈483 million CAD)
• Revenue (2024): ~$961 million USD (≈1.30 billion CAD)

High Liner Foods, headquartered in Nova Scotia, is a leading supplier of frozen seafood in North America. With brands like High Liner, Sea Cuisine, and Captain’s Crew, the company provides breaded fish fillets, shrimp, and other seafood products to retailers and foodservice clients. Although sales in 2024 were affected by economic factors, High Liner remains a strong presence in the frozen seafood market, thanks to its established brand and wide sourcing network.

10. Rogers Sugar Inc. (TSX: RSI)

• Market Cap (2025): ~$492 million USD (≈694 million CAD)
• Revenue (2024): ~$940 million USD (≈1.23 billion CAD)

Rogers Sugar, operating under the Rogers and Lantic brands, refines cane and beet sugar for retail and industrial clients across Canada. The company has also expanded into maple syrup through acquisitions like Decacer, which has broadened its global reach. With stable demand driven by long-term contracts and rising sugar prices, Rogers Sugar is a steady force in Canada’s sweetener market.

9. Tilray Brands, Inc. (TSX: TLRY)

• Market Cap (2025): ~$0.84 billion USD (≈1.1 billion CAD)
• Revenue (2024): ~$789 million USD (≈1.06 billion CAD)

Known for its cannabis operations, Tilray has diversified its portfolio. Through Manitoba Harvest, it produces hemp-based foods and owns craft beer brands like SweetWater Brewing. This broad approach, combining cannabis, hemp products, and alcoholic beverages, has helped Tilray expand its presence across Canada and the U.S., with 2024 revenues close to $800 million USD.

8. SunOpta Inc. (TSX: SOY)

• Market Cap (2025): ~$0.93 billion USD (≈1.26 billion CAD)
• Revenue (2024): ~$715 million USD (≈960 million CAD)

SunOpta, based in Toronto, specializes in plant-based foods and beverages, including oat, almond, and soy milks, along with fruit-based snacks. The company focuses on non-GMO, organic, and vegan products, running brands like Dream and West Life while also providing private-label manufacturing. As consumer interest in plant-based diets surged, SunOpta’s revenue reached nearly C$1 billion in 2024.

7. Lassonde Industries Inc. (TSX: LAS.A)

• Market Cap (2025): ~$0.90 billion USD (≈1.30 billion CAD)
• Revenue (2024): ~$1.82 billion USD (≈2.47 billion CAD)

Lassonde, based in Quebec, is well-known for its juice, fruit drinks, and specialty foods. With popular brands like Allen’s, Oasis, and Fairlee, the company also produces private-label beverages for other retailers. Its acquisitions, including Sun-Rype, have helped expand its North American presence. Lassonde’s strong share of the Canadian juice market and its growing influence in the U.S. make it a leading beverage company.

6. Jamieson Wellness Inc. (TSX: JWEL)

• Market Cap (2025): ~$0.93 billion USD (≈1.33 billion CAD)
• Revenue (2024): ~$530 million USD (≈709 million CAD)

Jamieson Wellness is a leader in the Canadian health and wellness sector, producing popular vitamins and supplements like Jamieson and youtheory. With a focus on immunity, wellness, and sports nutrition, Jamieson continues to thrive as consumers prioritize self-care. Its Canadian manufacturing facilities produce millions of doses annually, securing its position in the market.

5. Maple Leaf Foods Inc. (TSX: MFI)

• Market Cap (2025): ~$1.86 billion USD (≈2.66 billion CAD)
• Revenue (2024): ~$3.6 billion USD (≈4.87 billion CAD)

Maple Leaf Foods, based in Mississauga, is a leader in Canada’s meat processing industry. Its brands, including Maple Leaf, Schneiders, and Mina, offer a wide range of meat products, from bacon and sausages to poultry. Recently, the company has also expanded into plant-based alternatives through Greenleaf Foods. This combination of traditional meats and plant-based options allows Maple Leaf to cater to a broad audience while meeting growing sustainability demands.

4. Premium Brands Holdings Corp. (TSX: PBH)

• Market Cap (2025): ~$2.4 billion USD (≈3.4 billion CAD)
• Revenue (2024): ~$4.4 billion USD (≈6.4 billion CAD)

Premium Brands, based in Vancouver, is a specialty food company with a diverse portfolio that includes brands like Freybe and Piller’s in deli meats and Clearwater Seafoods in seafood. The company supports regional food producers while expanding its distribution and marketing. Its broad product offerings across meats, baked goods, and ready-to-eat meals reflect the growing demand for high-quality, niche food products in Canada and beyond.

3. Primo Water Corporation (TSX: PRMW)

• Market Cap (2025): ~$3.9 billion USD (≈5.4 billion CAD)
• Revenue (2024): ~$1.88 billion USD (≈2.55 billion CAD)

Primo Water, originally Cott Corporation, shifted from producing private-label sodas to focusing on water and beverage solutions. It dominates the purified and spring water market in North America and Europe, offering bottled water, filtration systems, and dispensers. As consumers shift toward healthier hydration options, Primo’s focus on water-driven products has led to significant growth in 2024.

2. Saputo Inc. (TSX: SAP)

• Market Cap (2025): ~$7.5 billion USD (≈10.4 billion CAD)
• Revenue (2024): ~$13.7 billion USD (≈17.34 billion CAD)

Saputo, based in Montreal, is one of the world’s largest dairy processors. Known for its brands like Saputo, Armstrong, and Dairyland, the company produces everything from cheese and milk to cream and other dairy products. Through strategic acquisitions across the U.S., Europe, and Australia, Saputo has expanded its global reach and solidified its position as a dairy powerhouse.

1. Molson Coors Beverage Company (TSX: TPX.B / NYSE: TAP)

• Market Cap (2025): ~$12.3 billion USD (≈16.5 billion CAD)
• Revenue (2024): ~$11.7 billion USD (≈15.6 billion CAD)

Molson Coors leads the list in 2025, remaining a dominant force in global brewing. The merger of Molson and Coors created a powerful brand portfolio that includes Coors Light, Molson Canadian, and Miller Lite. The company has also diversified into non-beer beverages, maintaining strong brand loyalty in both Canada and the U.S. Despite fierce competition, Molson Coors continues to lead the pack among Canada’s food and beverage giants.

Industry Trends

The food industry in Canada is facing challenges like supply chain issues, higher commodity prices, and shifting consumer preferences. Experts predict grocery prices will rise by 3-5%, with meat seeing a 4-6% increase. Consumers are increasingly looking for simpler, healthier food options, which has sparked growth in plant-based, organic, and functional food products. As the federal government aims for $85 billion in agri-food exports by 2025, companies are focusing on sustainability and international growth.

The top food companies in Canada for 2025, from dairy and meat leaders to those in beverages, plant-based nutrition, and beyond, show the strength and adaptability of Canada’s agri-food sector. Economic pressures, a push for healthier products, and technological investments will continue to shape the market. These top corporations lead the way in satisfying both domestic demand and expanding Canada’s presence in global food markets.