Fastest Growing Industries in Canada by Revenue Growth (%) in 2025

• 1. Glasses & Contact Lens Manufacturing in Canada

  2025 Revenue Growth: 15.3%

  Glasses and contact lens manufacturers in Canada play a crucial role in providing essential vision correction and protective eyewear, supporting the well-being and productivity of individuals across age groups and demographics. In recent years, consumer spending on eyewear has been rising, driven by increased screen time and a growing number of adults 65 and older requiring more eye care solutions. Despite this, competitively priced imports fill a large portion of this demand, creating challe...

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• 2. Cookie, Cracker & Pasta Production in Canada

  2025 Revenue Growth: 15.0%

  The Cookie, Cracker and Pasta Production industry in Canada experienced strong growth. However, faltering economic and trade conditions threw volatility into the mix during the period. For example, per capita disposable income fell sharply toward the end of the period in 2021-22, which limited demand for discretionary goods from the industry. In addition to this, producers faced volatile prices of several major inputs, including the price of wheat and sugar. These costs skyrocketed in line wi...

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• 3. Auto Parts Wholesaling in Canada

  2025 Revenue Growth: 11.7%

  Auto parts wholesalers lately have been dealing with a volatile marketplace and this is causing a bunch of swings in their revenue performance. Inflation has become a major part of the economy lately. Factors like inflation have fueled the need for price boosts to cover these costs in this industry. Yet such decisions remain volatile depending on the state of prices, with this leading to price drops happening recently, as such factors depress revenue gains. The shortage of truck drivers is po...

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• 4. Gambling in Canada

  2025 Revenue Growth: 10.1%

  Gambling in Canada has undergone significant changes recently, anchored by the legalization of single-event sports betting through Bill C-218 in 2021. This amendment to the Criminal Code allowed provinces to regulate single-event sports betting, transforming the gambling landscape. When Ontario legalized online gambling, quickly capitalized on this by integrating single-event betting into its iGaming market in 2022, leading to increased revenues and a more secure betting environment. This shi...

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• 5. Navigational Instrument Manufacturing in Canada

  2025 Revenue Growth: 10.1%

  Navigational instrument manufacturers have faced a fluctuating landscape over recent years, highlighting both challenges and opportunities. While diverse product lines spanning defence, marine, aerospace, and electronic sectors have provided a cushion against major revenue swings, fierce competition and high production costs have narrowed profit and revenue. As defence spending in Canada increased slightly, benefiting manufacturers, it's worth noting that domestic defen...

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• 6. Market Research in Canada

  2025 Revenue Growth: 8.3%

  Market research operators in Canada suffered from modest swings in revenue stemming from economic volatility for most of the period. While the period started with a dip in revenue because of the pandemic, the changing media landscape and the ability to conduct online market research kept sales from dropping drastically. Market research is needed in times of economic uncertainty since it helps customers navigate unknown waters. Although the economy reopened, a spike in inflationary pressures s...

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• 7. Jewellery Manufacturing in Canada

  2025 Revenue Growth: 7.6%

  Canadian jewellery production has endured significant volatility in recent years. Fluctuating macroeconomic conditions have directly impacted demand for luxury products. Jewellery revenue jumped in 2020 and 2021. During this time, producers benefited from passing on soaring gold and silver prices to buyers, which, combined with higher significant disposable income gains in 2020, largely supported growing revenue. Although input prices largely continued to grow over the following years, weaken...

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• 8. Eyeglasses & Contact Lens Stores in Canada

  2025 Revenue Growth: 6.8%

  Eyeglasses and contact lens stores sell eyeglasses, contact lenses, sunglasses, safety eyewear and optical accessories. The industry has benefited from favourable population demographics. The burgeoning elderly population has boosted the number of optometrist visits to address age-related eyesight issues. Meanwhile, changing fashion trends have hastened many consumers' replacement cycles and have caused a shift toward costlier, designer eyewear. The industry has been relatively insulated from...

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• 9. Nursery & Garden Stores in Canada

  2025 Revenue Growth: 6.8%

  The Nursery and Garden Stores industry in Canada has seen its fortunes rise because of pandemic restrictions, even as competitive challenges have hammered small retailers. The domestic industry relies on the discretionary purchases of garden tools and supplies to make sales. Throughout the pandemic, growth in per capita disposable income and a sharp rise in free time resulted in a rise in consumer spending on nonessential items sold by the industry like plants and trees. Even as increased ext...

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• 10. Real Estate Investment Trusts in Canada

  2025 Revenue Growth: 6.3%

  The Canadian Real Estate Investment Trust (REIT) industry has faced challenges in recent years. Despite these headwinds, a decline in interest rates spurred by the Bank of Canada has started to positively impact the industry. With reduced borrowing costs, REITs are getting an opportunity to alleviate their financial burdens by financing new acquisitions and refinancing existing debts more economically. As a result, REITs are expected to have a more favorable financial position. However, the e...

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