Net sales of The Kraft Heinz Company 2021-2023, by region

In 2023, the total net sales of the Kraft Heinz Company amounted to approximately 26.6 billion U.S. dollars worldwide. Among those, 18.4 billion U.S. dollars of net sales were generated in North America.

The Kraft Heinz Company 

On July 2, 2015, the Kraft Foods Group completed a merger with Heinz to become The Kraft Heinz Company. The company is Co-headquartered in Pittsburgh and Chicago, in the United States (U.S.). According to the report, the company's Canadian net sales amounted to approximately 1.75 billion U.S. dollars in 2021. That year, the company spent approximately 18604 million U.S. dollars on research and development (R&D).

The cheese market in Canada

After Condiments and sauces, cheese and dairy products make up the second-largest amount of net sales, according to the Kraft Heinz company's portfolio. While the United States (U.S.) is the main market for the company, Canada remains an important market. The consumption of cheese per capita in Canada has seen a continuous increase during the last five years and is forecast to grow even more. In 2020, cheese consumption in Canada was estimated to amount to approximately 13 kilograms per capita. In September 2021, the average retail price for processed cheese food slices in Canada was 2.61 Canadian dollars per 250 grams.