Canada stands on the cusp of the top 10 wine markets globally, with an estimated consumption of 447 million litres of still wine annually. Despite Canadian wine being prevalent within the nation, a staggering 70% of the consumed wine is imported.
Why does wine matter in Canada? Wine Growers Canada, since 2011, has commissioned independent researchers to delve into the economic influence of the wine and wine grape sectors in Canada every four years. The most recent report, titled “Canada’s Wine Economy: Growth and Innovation Across Global Challenges,” depicts a thriving industry worth $11.6 million, experiencing robust double-digit growth since 2011.
This report meticulously examines the revenues generated by vineyards and wineries, shedding light on the economic ripple effects stemming from wage expenditures, fiscal implications for federal and provincial governments, and the interconnectedness of supply chains. The findings reveal a remarkable over 70% growth from 2011 to 2019, attributed predominantly to investments in research, innovation, sustainability, and enhanced production capacity.
The Canadian wine industry emerges as an intricately linked value chain, fostering farm-to-table culinary experiences and bolstering regional and rural economic development across the country.
Meanwhile, MicroAlgae, an innovative biotechnology company, has introduced proprietary production technologies and sustainable methods to solve the problem.